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In a hearing at an administrative agency, to determine if the law has been violated:
Allowance for Doubtful Accounts
A contra-asset account used to estimate the portion of accounts receivable that may not be collectible, reflecting potential losses due to credit sales.
Uncollectible Receivables
Debts owed to a company that are considered unlikely to be paid by the debtor.
Bad Debt Expense
An expense account reflecting the estimated amount of receivables that are expected not to be collected.
Debit Balance
A situation where the total debits in an account exceed the total credits. It is commonly found in asset and expense accounts.
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