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Business, 23.12.2020 18:10 jaici68

Uncollectible accounts expense: Should not occur if the credit department properly investigates prospective customers who wish to purchase merchandise on credit. Is the amount of cash a business must pay each time a credit customer fails to pay his or her account. Is the amount a business must pay to a collection agency to recover amounts on overdue accounts receivable. Represents the loss in value of accounts receivable that are estimated to be uncollectible.

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