ALLOWANCE FOR DOUBTFUL ACCOUNTS Definition

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ALLOWANCE FOR DOUBTFUL ACCOUNTS see ALLOWANCE FOR BAD DEBTS.

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TIME PERIOD CONCEPT provides that accounting take place over specific time periods known as fiscal periods. These fiscal periods are of equal length, and are used when measuring the financial progress of a business.

CUSTOMS BROKER is an individual or firm licensed to process entry and clear goods into the country for another.

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