Accounts receivable, which are also referred to as receivables, are amounts owed by customers on account. The three primary accounting problems associated with accounts receivable are , and of accounts receivable. In order to encourage prompt payment of a trade receivable, companies often offer to customers. When credit sales are made, Expense is considered a normal and necessary risk of doing business on a credit basis. The two methods of accounting for uncollectible accounts are the method and the method. Allowance for Doubtful Accounts is a account which is from Accounts Receivable on the balance sheet. When the allowance method is used to account for uncollectible accounts, the is credited when an account is determined to be uncollectible. The basis of estimating uncollectibles normally results in the best approximation of value and therefore emphasizes balance sheet relationships. Sales resulting from the use of Visa and MasterCard are considered by the retailer. A finance company or bank that purchases receivables from businesses is known as a . A 90-day note receivable dated June 10 would mature on . Collection of a note receivable will result in a credit to for the face value of the note and a credit to . A note which is not paid on the maturity date is said to be