Examlex
good example of a dramedy would be
Bad Debts Expense
The cost associated with accounts receivable that are not expected to be collected.
Contra Asset
An asset account where its balance is opposite of the normal balance, used to offset the balance of a related account, such as allowance for doubtful accounts offsetting accounts receivable.
Expense
An outflow of money to another person or company to pay for an item or service, or for a cost required to operate a business.
Allowance for Doubtful Accounts
A contra-asset account that estimates the portion of accounts receivable which may not be collectible.
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