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Modern humans have:
Allowance for Doubtful Accounts
A contra asset account that reflects the estimated amount of accounts receivable that may not be collectible.
Notes Receivable
Written promises for amounts to be received by a business, usually detailing interest and the due date for repayment.
Cash Loan
A type of loan where the borrower receives a cash amount upfront and agrees to pay back both the principal and interest over a set period.
Cash Loan
A financial agreement where a borrower receives a specific amount of cash from a lender and agrees to repay it, with interest, over a set period.
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