单词 | allowance for bad debts |
释义 | allowance for bad debts in Accounting (əlaʊəns fər bæd dɛts) noun (Accounting: Financial statements, Balance sheet) Allowance for bad debt is a provision made in a company's accounts which recognizes that some debts will not be able to be collected. SIMILAR WORDS: allowance for doubtful accounts , allowance for uncollectibles When a bad debt occurs, it is written off the customer's account and charged againstthe allowance for bad debt. The allowance for bad debt is the amount that the company estimates it will not be able to collect from customers. Allowance for bad debt is a provision made in a company's accounts which recognizes that some debts willnot be able to be collected. |
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