An estimated amount of bad debts, to be subtracted from a balance sheet's accounts receivable.
Related information about allowance for doubtful accounts:
- Allowance for Doubtful Accounts
May 22, 2008 ... Your allowance for doubtful accounts must be reviewed for possible material adjustment on a quarterly basis at minimum. No adjustment is ...
- allowance for doubtful accounts definition | AccountingCoach.com
Allowance for Doubtful Accounts is a contra current asset account associated with Accounts Receivable. When the credit balance of.
- Allowance For Doubtful Accounts Definition | Investopedia
A contra-asset account that records the portion of a company's receivables, which it expects may not be collected. The allowance for doubtful accounts is only an ...
- Assessing the Allowance for Doubtful Accounts
This article describes three techniques for assessing allowance for doubtful accounts estimates and complying with Statement on Auditing Standards (SAS) no.
- Allowance Method
The journal entry to record the bad debts would be as follows: Debit Credit ------- - ------ Bad debt expense (75,000 x 3%) 2,250 Allowance for doubtful accounts ...
- Allowance For Doubtful Accounts - YouTube
May 2, 2012 ... Presentation at Thompson Rivers University to Ivan Desjardins, Rob Anderson and Tony Bell - School of Business & Economics. May 2, 2012.
- Allowance for Doubtful Accounts - AccountingTools
Accounting for the allowance for doubtful accounts | Calculation | Formula | Example.
- Allowance for Doubtful Accounts financial definition of Allowance for ...
Extra funds from sales, or another source, set aside in order to pay off bad debt if and when it arises. The allowance helps a company ward off any potential cash ...