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If a person has chronic bronchitis,will they cough up mucous?
Allowance for Doubtful Accounts
An estimate of the receivables that may not be collected, reducing gross receivables to a more realistic net value.
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.
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