Accounting Dictionary - Letter A
is a practice of reporting accounts receivable at the net realizable value. This method involves estimating uncollectible accounts at the end of each period by calculating the allowance for doubtful accounts and subtracting it from gross accounts receivable to arrive at the net realizable value.
Don't see the term you are looking for? Try searching our entire website:
Free Study Notes
Download free accounting study notes by signing up for our free newsletter (example):
We never share or sell your e-mail to third parties.