Accounts Receivables

5. Estimation method where bad debt is a percent of total sales
10. Method that analyzes how long receivables have been outstanding to estimate uncollectibles
12. Classification of the Allowance for Doubtful Accounts
13. Method where bad debt is only recorded when an account is deemed uncollectible
15. Account used to estimate uncollectible receivables
16. Process of removing an uncollectible account from the books

1. Formal written promises for amounts to be received, usually including interest, and with longer collection periods than accounts receivable.
2. Revenue from selling goods or services on account, creating receivables
3. Estimation method based on balance of accounts receivable
4. A written, legally binding promise to pay a specified amount of money at a definite time, typically including interest.
6. Method that matches bad debts to the same period as the related sales
7. What occurs when a written-off account is later collected
8. Action taken when a previously written-off receivable is collected
9. Expense recorded when receivables are expected to be uncollectible
11. The date on which a note receivable is due to be paid in full, including principal and any accrued interest.
14. Asset account representing money owed by customers