Some businesses refer to uncollectible accounts as __.

When an account becomes uncollectible and must be written off,

Two methods of accounting for uncollectible accounts are the

bill to the customer after a transfer of goods or the completion of services which represents a financial transaction between the buyer and is usually payable at a later date

how much cash (cash flow) a business generates from it's core business operations - selling products or services

a means of tracking all invoices and payments from customers

cash flow-resulting transactions with creditors or investors which are used to fund the activities of the business

cash flow generated from investments in financial markets or long-term capital assets

customer receives goods or services and promised to pay at a later date

payment rules imposed by suppliers to their customers

document which confirms a purchase of goods and services for the customer

merchandise returned by a buyer to the seller/producer, often a result of damaged or defective goods

represents the amount which customers owe to a company due to purchasing goods or services

financial statement which shows how balance sheet and income statement changes affect the flow of cash

used by lenders, investors and creditors to estimate the liquidity of a business, also known as the Statement of Financial Position

used in year-end testing procedures to check the accuracy of the accounts receivable balance

calculation to determine the amount needed, usually in percent form, to update the balance in the allowance for doubtful accounts

used to track transactions found in one type of account in detail

financial statement in which the sum of the balances in the asset accounts does not equal the sum of the balances in the liability and equity accounts

group which examines a schedule to determine which invoices are overdue and collects outstanding sums on accounts

asset account which has a normal CREDIT balance instead of a DEBIT balance

When a customer pays for a good or service at the time it is received/rendered

method of estimating uncollectible accounts receivable and using a contra asset account for reporting purposes

account in the general ledger which contains the grand totals of individual subsidiary ledger or journal transactions