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Financial Terms | |
Allowance for bad debts |
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Definition of Allowance for bad debtsAllowance for bad debtsAn offset to the accounts receivable balance, against which
Related Terms:Allowance for doubtful accountsA contra account related to accounts receivable that represents the amounts that the company expects will not be collected. Allowance for Doubtful AccountsAn estimate of the uncollectible portion of accounts receivable Allowance methodA method of adjusting accounts receivable to the amount that is expected to be collected based on company experience. Bad debtAn account receivable that cannot be collected. Bad debtsThe amount of accounts receivable that is not expected to be collected. bad debtsRefers to accounts receivable from credit sales to customers Capital Consumption AllowanceSee depreciation. ![]() Capital Cost Allowance (CCA)The annual depreciation expense allowed by the Canadian Income Tax Act. Depreciation AllowancesTax deductions that businesses can claim when they spend money on investment goods. EBBS - Earnings before the bad stuffAn acronym attributed to a member of the Securities and Sales allowanceA reduction in a price that is allowed by the seller, due to a problem Valuation AllowanceA contra- or reduction account to deferred tax assets. Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |