Allowance For Bad Debt

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:
  1. Give some money as a gift (to someone).

  2. The amount of something that is allowed, especially in a set of rules or for a specific purpose.

Sentences of Allowance
  1. He talks about travel expenses but relies on designated social workers and is not allowed to leave his residence for more than three days.

  2. Seventy-five pounds check bag luggage allowance


Meanings of For:
  1. Support or Support (one person or policy)

  2. Upset, upset or upset (someone or someone)

  3. For (something or something) or for its benefit

  4. Being (above) as a goal or task.

  5. Being (mentioned) as a goal or purpose.

  6. (Location name) as destination.

  7. To represent (above)

  8. Instead or instead of (something)

Sentences of For
  1. Elected for independence in a referendum

  2. He is responsible for the proper functioning of his department.

  3. This old man doesn't speak for everyone

  4. Tools you need to create frames

  5. Eileen is proud of her family for their support.

  6. You will go to Sweepstakes tomorrow

  7. "F" means interesting

  8. Exchange these two bottles for this

  9. He is big for his age

  10. He spent 12 years in prison

  11. Crawls 300 meters

  12. 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:
  1. Not true.

  2. Poor quality or low level.

  3. They do not like to have annoying or disturbing expectations or desires.

  4. Failure to adhere to acceptable standards of moral excellence or conduct.

  5. Injured, sick or ill (from any part of the body).

  6. Rotten (food)

  7. Sorry, guilty or ashamed of something

  8. This is not a bad value.

Sentences of Bad
  1. Bad food

  2. bad weather

  3. Bad people

  4. backache

  5. This is all wrong in the fridge

  6. She feels bad about ending her engagement

  7. 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