CENTIME Definition

Bookmark and Share

CENTIME is a currency of Saar and France.

Learn new Accounting Terms

MATCHING PRINCIPLE see MATCHING CONCEPT.

UNCOLLECTIBLE ACCOUNT EXPENSE, also known as a bad-debt expense, is that expense incurred in the unsuccessful attempt to realize payment of a Account Receivable. Uncollectible account expenses must be incurred in the time period in which the related sales are made, e.g. an AR that originates from a credit sale in January and is determined to be uncollectible in June represents an expense in January.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.