What is the definition of allowance for doubtful accounts?The allowance method reduces the carrying value orrealizable valueof the receivables account on the balance sheet. In other words, this method reports the accounts receivable balance at estimated amount of cash that is expected to be collected...
The first journal entry would be to debit bad debt and credit the allowance for doubtful accounts. After the company decides that a certain amount is completely uncollectible, then it debits the allowance for doubtful accounts and credits the accounts receivable. However, if a customer pays some ...
Definition of allowance for doubtful accounts in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is allowance for doubtful accounts? Meaning of allowance for doubtful accounts as a finance term. What does allowance for
athe amount estimated to be uncollectible under the aging method is the balance that should be in the account "Allowance for Doubtful Accounts" at the end of the period. 估计的数额是uncollectible在老化方法之下是应该在帐户“呆帐折让”在期间的结尾的平衡。 [translate] ...
aAccounts receivable - interest 应收帐款-兴趣[translate] acarve a niche 雕刻一个适当位置[translate] aDeferred tax asset - current 递延税款财产-潮流[translate] aPrepaid income tax 预付的所得税[translate] aconquers 征服[translate] aAllowance for doubtful receivables 容限为半信半疑的可接收[translate...
Related to allowance:Allowance for Doubtful Accounts 1. See:Allowance method. 2. See:Capital allowance. 3. See:Allowance for depreciation. 4. See:Allowance for doubtful accounts. 5. See:Withholding allowance. 6. See:Mileage allowance. Farlex Financial Dictionary. © 2012 Farlex, Inc. All Right...
High School Business for Teachers: Help & Review Business 106: Human Resource Management Intro to Excel: Essential Training & Tutorials Browse by Lessons Allowance for Doubtful Accounts | Balance Sheet & Calculation Prepaid Expenses | Definition, Balance Sheet & Examples Compensation Costs for Share-Ba...
The allowance method works by using theallowance for doubtful accountsaccount to estimate the amount of receivables that are going to be uncollected in the future. Instead of directly writing off the customer balances in the account receivable account, bad debt expense is recorded by crediting the ...
The allowances for doubtful or bad debts represent that portion of accounts receivable that is predicted to be uncollectible. This is considered a...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts c...
used for the allowance for doubtful accounts, allowance for loss on inventories, depreciation of property, idle and rental assets, [...] fenc.com 依照前述準則、法令及原則編製財務報表時 ,本公司對於 備 抵 呆帳、存貨跌價損失、固定 、出租及閒置 資 產 折舊、 資產減損損失、所得稅、退休金、...