Customers' accounts that we no longer consider collectible are referred to as uncollectible accounts (or bad debts).

Name: Customers' accounts that we no longer consider collectible are referred to as uncollectible accounts (or bad debts).
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Quizplus · Accepted Answer

This statement is true. Uncollectible accounts are accounts for which the company determines it is unlikely that they will receive payment from the customer, and they are considered bad debts.

Customers' Accounts That We No Longer Consider Collectible Are Referred