|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
A contra account related to accounts receivable that represents the amounts that the company expects will not be collected.
An estimate of the uncollectible portion of accounts receivable
A method of adjusting accounts receivable to the amount that is expected to be collected based on company experience.
An account receivable that cannot be collected.
The amount of accounts receivable that is not expected to be collected.
Refers to accounts receivable from credit sales to customers
The annual depreciation expense allowed by the Canadian Income Tax Act.
Tax deductions that businesses can claim when they spend money on investment goods.
An acronym attributed to a member of the Securities and
A reduction in a price that is allowed by the seller, due to a problem
A contra- or reduction account to deferred tax assets.
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