Examlex
You might have a "script" for ______.
Allowance for Doubtful Accounts
A contra-asset account on the balance sheet, estimating the amount of receivables that are expected to be uncollectible.
Uncollectible Accounts Receivable
Debts owed to a company that are considered unlikely to be recovered, often due to the debtor's inability to pay.
Debit Balance
An accounting entry that represents a situation where debits are greater than credits in an account, often indicating assets or expenses.
Allowance for Doubtful Accounts
A contra-asset account that reduces the total receivables balance to reflect accounts that may not be collectible.
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