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If the total momentum of a system is changing:
Accounts Receivable
Financial obligations of customers to a firm for delivered or utilized goods or services that remain unpaid.
Direct Write-off Method
An accounting method where uncollectible accounts receivable are directly written off against income at the time they are deemed uncollectible.
Uncollectible Receivables
Amounts owed to a company that it does not expect to collect and thus considers a loss.
Journalize
The process of recording transactions in an accounting journal, noting the debit and credit aspects of each transaction.
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