ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS Definition

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ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS see ALLOWANCE FOR BAD DEBTS.

Learn new Accounting Terms

EARNINGS BEFORE TAXES see PROFIT BEFORE TAXES.

STALE CHECK is a check that is six months or older than the date affixed to the check by the maker. If a customer's check is presented more than six months after the date appearing on the check, the paying bank has the option of paying or dishonoring the check because the check is deemed "stale".

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