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Allowance method of uncollectible accounts is: A calculation that is used to estimate how much credit is allowed to be obtained by the most risky
Allowance method of uncollectible accounts is:
A calculation that is used to estimate how much credit is allowed to be obtained by the most risky customers. | ||
An estimate of funds that will not be paid on customers' accounts. | ||
Based in international accounting laws and was adopted by the US in 2001. | ||
More accurate than the direct write-off method. |
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