|Provision for Doubtful Accounts|
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Definition of Provision for Doubtful Accounts
Provision for Doubtful Accounts
An operating expense recorded when the allowance for
‘Buckets’ within the ledger, part of the accounting system. Each account contains similar transactions (line items) that are used for the production of financial statements. Or commonly used as an abbreviation for financial statements.
Money owed to suppliers.
Amounts a company owes to creditors.
Amounts owed by the company for goods and services that have been received, but have not yet been paid for. Usually accounts payable involves the receipt of an invoice from the company providing the services or goods.
Short-term, non-interest-bearing liabilities of a business
Acurrent liability on the balance sheet, representing short-term obligations
Amounts due to vendors for purchases on open account, that is, not evidenced
The number of days it would take to pay the ending balance
Money owed by customers.
Amounts owed to a company by customers that it sold to on credit. Total accounts receivable are usually reduced by an allowance for doubtful accounts.
Amounts owed to the company, generally for sales that it has made.
Short-term, non-interest-bearing debts owed to a
A current asset on the balance sheet, representing short-term
Amounts due from customers for sales on open account, not evidenced
Money owed to a business for merchandise or services sold on open account.
Accounts Receivable Days (A/R Days)
The number of days it would take to collect the ending
Accounts receivable turnover
The ratio of net credit sales to average accounts receivable, a measure of how
accounts receivable turnover ratio
A ratio computed by dividing annual
Allowance for doubtful accounts
A contra account related to accounts receivable that represents the amounts that the company expects will not be collected.
Allowance for Doubtful Accounts
An estimate of the uncollectible portion of accounts receivable
A clause in a shareholders agreement preventing a company from issuing additional shares, without allowing the current shareholders the opportunity to participate in the offering to avoid dilution of their percentage ownership.
Specific sections and rules of the 1933 Act and 1934 Act that are
Average age of accounts receivable
The weighted-average age of all of the firm's outstanding invoices.
Balance of Payments Accounts
A statement of a country's transactions with other countries.
An embedded option granting a bond issuer the right to buy back all or part of the issue prior
Chart of accounts
A listing of all accounts used in the general ledger, usually sorted in
Discounting of Accounts Receivable
Short-term financing in which accounts receivable are used as collateral to secure a loan. The lender does not buy the accounts receivable but simply uses them as collateral for the loan. Also called pledging of accounts receivable.
Fair price provision
Income Tax Provision
The expense deduction from pretax book income reported on the
Special accounts where you can save and invest, and the taxes are deferred until money
National Income and Product Accounts
The national accounting system that records economic activity such as GDP and related measures.
Optimal redemption provision
provision of a bond indenture that governs the issuer's ability to call the
The accounts found on the Balance Sheet; these account balances are carried forward for the lifetime of the company.
Estimates of possible future liabilities that may arise.
Provisional call feature
A feature in a convertible issue that allows the issuer to call the issue during the noncall
Gives the holder of a floating-rate bond the right to redeem his note at par on the coupon
Sales Revenue Revenue recognized from the sales of products as opposed to the provision of
The accounts found on the Income Statement and the Statement of Retained Earnings; these accounts are reduced to zero at the end of every accounting period.
Unbilled Accounts Receivable
Revenue recognized under the percentage-of-completion
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