Unit 12: Vocabulary

To pass this unit, please study the 20 vocabulary words below.
UK
accurate
free from errors, careful
UK
Make sure the figures are accurate before submitting the tax return.
UK
allowance for uncollectable accounts
a contra asset account recording debts which may not be collected
UK
We need to post that debt to the allowance for uncollectable accounts as the company has gone into receivership and we probably won't be paid.

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