Examlex
What procedures can be used to solve customer complaints?
Net Credit Sales
The total revenue from sales made on credit, after subtracting returns and allowances.
Uncollectible Accounts
Accounts receivable that a company does not expect to receive payment for, often written off as bad debts.
Percentage-of-Receivables Method
An accounting method used to estimate the amount of a company's receivables that will not be collected, based on a percentage of the total receivables.
Allowance for Doubtful Accounts
A contra-asset account that represents the estimated amount of accounts receivable not expected to be collected.
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