1. Accounts Receivable and Uncollectible Accounts FLASHCARDS

2. Allowance method A method of recording uncollectible accounts that estimates losses from uncollectible accounts and charges them to expense in the period when the sales are recorded Allowance method

3. Reinstate To put back or restore an accounts receivable amount that was previously written off Reinstate

4. Valuation account An account, such as Allowance for Doubtful Accounts, whose balance is revalued or reappraised in light of reasonable expectations Valuation account

5. Direct charge-off method A method of recording uncollectible account losses as they occur Direct charge-off method

6. Aging the accounts receivable Classifying accounts receivable balances according to how long they have been outstanding Aging the accounts receivable

7. For additional reinforcement of accounting terms, visit the crossword puzzle on this Web site.