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What is the instrument called that is used to measure blood pressure?
Written off Accounts
Accounts deemed uncollectible and therefore removed from the accounts receivable balance in the financial statements.
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.
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