Examlex
In the figure above, item ____ is an object copied from Microsoft Access.
Uncollectible Receivables
Accounts receivable that a company has determined are unlikely to be collected and thus are written off as a bad debt expense.
Bad Debt Expense
An expense reported on the income statement, reflecting the cost of debts that are deemed uncollectible.
Allowance for Doubtful Accounts
A contra-asset account used to estimate the amount of accounts receivable that may not be collectible.
Uncollectible Expenses
Costs resulting from customers' failure to pay what they owe, also known as bad debts.
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