Allowance For Bad Debt,
Definition of Allowance For Bad Debt:
An Allowance for Suspicious Accounts is a Valuable Account used to estimate the value of accounts receivable by a company that eventually defaults. It is also called bad credit loan. If the borrower defaults, the borrower's money reduces the allowance for debt losses and debt balance claims.
- An Allowance for Suspicious Accounts is a Valuable Account used to estimate the value of accounts receivable for a company that ultimately defaults.
- Lenders use bad loan allowances because the fee value of the recipients' total accounts is not actually the amount received.
- The key to estimating allowances for suspicious accounts is the sales method and the accounts receivable method.
- According to the Generally Accepted Accounting Principles (GAAP), the basic requirement for allowance for dubious accounts is that it accurately reflects the company's deposit history.
Literal Meanings of Allowance For Bad Debt
Meanings of Allowance:
Give some money as a gift (to someone).
The amount of something that is allowed, especially in a set of rules or for a specific purpose.
Sentences of Allowance
He talks about travel expenses but relies on designated social workers and is not allowed to leave his residence for more than three days.
Seventy-five pounds check bag luggage allowance
Meanings of For:
Support or Support (one person or policy)
Upset, upset or upset (someone or someone)
For (something or something) or for its benefit
Being (above) as a goal or task.
Being (mentioned) as a goal or purpose.
(Location name) as destination.
To represent (above)
Instead or instead of (something)
Sentences of For
Elected for independence in a referendum
He is responsible for the proper functioning of his department.
This old man doesn't speak for everyone
Tools you need to create frames
Eileen is proud of her family for their support.
You will go to Sweepstakes tomorrow
"F" means interesting
Exchange these two bottles for this
He is big for his age
He spent 12 years in prison
Crawls 300 meters
The camcorder failed for the third time
Synonyms of For
in honour of, giving support to, in view of the fact that, as a mark of respect to, since, aim, for, object, motive, right behind, giving backing to, approving of, the same as, pro, sympathetic to, cause, owing to the fact that, considering that, seeing as, all for, reason, end, on the side of, on account of the fact that, as a tribute to
Meanings of Bad:
Poor quality or low level.
They do not like to have annoying or disturbing expectations or desires.
Failure to adhere to acceptable standards of moral excellence or conduct.
Injured, sick or ill (from any part of the body).
Sorry, guilty or ashamed of something
This is not a bad value.
Sentences of Bad
This is all wrong in the fridge
She feels bad about ending her engagement
87 Bad check deposit
Synonyms of Bad
outstanding, amoral, careless, magnificent, contrite, wounded, superb, immoral, chastened, unfavourable, disagreeable, base, morally wrong, inadequate, negligent, unsatisfactory, corrupt, shamefaced, dissolute, substandard, guilty, shoddy, penitent, second-rate, putrefied, nasty, inferior
Synonyms of Debt
account, outstanding payment, bill, financial obligation, amount due, money owing, tally