|Allowance for bad debts|
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Definition of Allowance for bad debts
Allowance for bad debts
An offset to the accounts receivable balance, against which
Allowance for doubtful accounts
A contra account related to accounts receivable that represents the amounts that the company expects will not be collected.
A method of adjusting accounts receivable to the amount that is expected to be collected based on company experience.
The amount of accounts receivable that is not expected to be collected.
Refers to accounts receivable from credit sales to customers
An account receivable that cannot be collected.
A reduction in a price that is allowed by the seller, due to a problem
Capital Consumption Allowance
Tax deductions that businesses can claim when they spend money on investment goods.
Allowance for Doubtful Accounts
An estimate of the uncollectible portion of accounts receivable
EBBS - Earnings before the bad stuff
An acronym attributed to a member of the Securities and
A contra- or reduction account to deferred tax assets.
Capital Cost Allowance (CCA)
The annual depreciation expense allowed by the Canadian Income Tax Act.
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