This is an account with dual purposes to be used for expenses related to receivables and depreciation.
Related information about valuation account:
- What is valuation account? definition and meaning
Definition of valuation account: Reserve account created to offset changes in the value of a firm's assets. Examples are accumulated depreciation and allowance ...
- valuation account - The Free Dictionary
Noun, 1. valuation account - a reserve fund created by a charge against profits in order to provide for changes in the value of a company's assets. allowance ...
- What is a valuation account? | AccountingCoach.com Q&A
In accounting, a valuation account is usually a balance sheet account that is used in combination with another balance sheet account in order to report the.
- valuation account definition | AccountingCoach.com
To determine what something is worth. For example, the account Allowance for Doubtful Accounts is used with Accounts Receivable.
- Valuation Account: Definition from Answers.com
Item offset against or added to the gross amount of an account to arrive at a net balance. Examples are the allowance account that is subtracted from trading.
- Accounting Principles II: Balance Sheet: Classification, Valuation
In recording the gains and losses on trading securities, a valuation account is used to ... The valuation account is used to adjust the value in the trading securities ...
- Valuation account | Define Valuation account at Dictionary.com
valuation account. noun. a reserve fund created by a charge against profits in order to provide for changes in the value of a company's assets [syn: valuation ...
- Valuation account - Accounting Dictionary | Simplestudies.com
Valuation account is a contra (adjunct) account. A valuation account offsets the gross amount of an account to arrive at a net balance. Ex...