Examlex
What's the correct formula for the saturated hydrocarbon that contains four carbon atoms?
Uncollectible Accounts
Refers to receivables that a business has determined are unlikely to be collected due to customer default.
Aging
A method used in accounting to categorize a company's accounts receivable according to the duration of time an invoice has been outstanding.
Allowance Account
An account used to reduce the carrying amount of accounts receivable or loans to their net realizable value, reflecting expected losses due to uncollectibility.
Aging
A method used to categorize accounts receivable based on the length of time an invoice has been outstanding.
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