Term
| When companies sell their receivables to other companies, the transaction is called factoring. |
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Term
| Under the direct write-off method, no attempt is made to match Bad Dept Expense to Sales Revenue in the same accounting period. |
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Term
| The difference between accounts receivable and its contra asset account is called net realizable value. |
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Term
| When the estimate based on analysis of receivables is used, income is reduced when a specific receivable is written off. |
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Term
| When an account receivable that has been written off is subsequently collected, the account receivable is said to be reinstated. |
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