Examlex
Which of the following is NOT incorporated into the basic principles of the code of ethics for sociology?
Allowance for Uncollectible Accounts
A contra-asset account that represents the amount of receivables a company does not expect to collect.
Accounts Receivable
Monies owed to a business by its customers for goods or services delivered or used but not yet paid for.
Bad Debt Expense
An expense recognized by businesses for receivables that are considered uncollectible, reflecting estimated losses.
Consignment
A business arrangement where goods are left with a third party to sell, but the original owner retains ownership until the items are sold.
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