bad debt

(redirected from Accounts Uncollectible)
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Related to Accounts Uncollectible: Allowance for Doubtful Accounts, uncollectible debt
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.bad debt - a debt that is unlikely to be repaidbad debt - a debt that is unlikely to be repaid
debt - money or goods or services owed by one person to another
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
Translations

bad debt

n → credito inesigibile
Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995
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Since the matching principle of accrual accounting requires the recognition of bad debts expense at the same time as the related revenue; therefore, in order to record and measure the accounts uncollectible, the firm usually uses allowance method for bad debt losses as it confirms the matching principle of accrual accounting.
The proportion of credit sales that becomes bad-debt loss can be estimated from the past data of credit sales and accounts uncollectible.
Inventory and credit decisions under day-terms credit linked demand and allowance for bad debts

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