Collection of a specific accounts receivable that has been previously written off Designed to protect assets from theft, diversion, damage or destruction. Full value of accounts receivable less the allowance for doubtful accounts Estimates are made in regards to the uncollectible amount and a bad debt experse is recorded in the same period as the credit sales. The process of removing a customer's account receivable from the books when the account is deemed uncollectible. Ratio that measures the entity's short-term liquidity. Selling of accounts receivable. Method of estimating bad debt based on collectibility of the accounts receivable. Used to assess short-term liquidity but only includes quick assets. System established to promote safeguarding of assets. Current ratio Internal control Factoring Allowance method Write-off Carrying amount Aging of A/R method Recovery Physical controls Quick Ratio