Glossary – Chapter 7

AJAX progress indicator
  • Amounts due from customers from credits sales of products or services; "trade receivables"
  • Analysis used to estimate the uncollectible accounts; involves stratification of receivables based upon age
  • A method that estimates uncollectibles as a portion of total receivables and establishes an offsetting contra allowance account
  • A simple, non-GAAP, method that expenses uncollectible accounts only as they are determined to be uncollectible and are written off
  • To fail to pay a note at maturity
  • The charge imposed on the borrower of funds for the use of money
  • The party creating the note and agreeing to make payment
  • The date on which a note and related interest are due to be paid
  • The amount due at maturity of a note; includes principal and interest
  • The amount of cash expected to be collected on outstanding accounts receivable; accounts receivable minus the allowance for uncollectibles
  • Amounts due from transactions and events not directly related to sales of products or services
  • A written promise from a client or customer to pay a definite amount of money on a specific future date
  • The party to whom a note is made payable
  • The basic stated amount of a note on which interest is usually calculated; generally relating to the amount borrowed
  • Amounts due from customers from credits sales of products or services