Allowance For Doubtful Accounts

Share on Facebook Share on Twitter Email
Investopedia Financial Dictionary:

Allowance For Doubtful Accounts

Top

An estimation made by a company and documented on its balance sheet for receivables that might go uncollected.

Investopedia Says:
It is standard practice for a company to have funds set aside for money that cannot be collected.

Related Links:
Learn about the components of the statement of financial position and how they relate to each other. Reading The Balance Sheet


Post a question - any question - to the WikiAnswers community:

Copyrights:

Mentioned in