q what are bad debtsbad debts -- amounts owed to, Accounting Basics

+44 141 628 6080
[email protected]

q what are bad debtsbad debts -- amounts owed to

Q. What are Bad debts?

Bad debts -- amounts owed to a company which aren't going to be paid. An accountreceivable becomes a bad debt when it's recognized that it won't be paid. Occasionally, baddebts are written off when recognized. This is an expenditure. Occasionally a reserve is set up toprovide for possible bad debts. Adding or creating to a reserve is also an expense.

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: q what are bad debtsbad debts -- amounts owed to

Reference No:- TGS0331139

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : q what do you mean by agingaging -- a process

q what do you mean by agingaging -- a process where accounts receivable are sorted out by age typically current 30 to60 days old 60 to 120 days old

Q : q explain about amortizeamortize -- to charge a

q explain about amortizeamortize -- to charge a regular part of an expenditure over a fixed period of time forinstance if something cost 100 and is

Q : q describe about fixed assetsfixed assets cant be

q describe about fixed assetsfixed assets cant be quickly turned into cash without interfering with business operationsfixed assets comprise

Q : q what is intangible assetsintangible assets are

q what is intangible assetsintangible assets are items likecopyrights patents licenses trademarks franchises andother kinds of rights or things of

Q : q what are bad debtsbad debts -- amounts owed to

q what are bad debtsbad debts -- amounts owed to a company which arent going to be paid an accountreceivable becomes a bad debt when its recognized

Q : q what is the use of balance sheetbalance sheet

q what is the use of balance sheetbalance sheet -- a statement of the financial position of a company at a single specific timeoften at the close of

Q : q why we need book valuebook value -- total

q why we need book valuebook value -- total assets minus total liabilities book value also meansvalue of an asset as recorded on the companys

Q : q what do you mean by breakeven pointbreakeven

q what do you mean by breakeven pointbreakeven point -- the amount of revenue from sales that exactly equals the amount ofexpense breakeven point is

Q : q describe about capitalcapital -- money invested

q describe about capitalcapital -- money invested in a business by its owners on the right side or bottom of a balance sheet capital also denotes to

1949330

Questions
Asked

3,689

Active Tutors

1442167

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Teaching an adult client with type 1 diabetes mellitus

The nurse is teaching an adult client with type 1 diabetes mellitus about the need for eye examinations.

Outcome of the pregnancy of an adolescent client

Question: Which factor may have a permanent effect on the outcome of the pregnancy of an adolescent client?

Teaching regarding the use of oral contraceptives

Question: Which statement confirms the client understands the teaching regarding the use of oral contraceptives?

Problem concerning antibody screening test

At her first prenatal clinic visit, a primigravida has blood drawn for a rubella antibody screening test, and the results are positive.

Client has suffered a head injury

The nurse is admitting a client into the emergency room who has suffered a head injury. Which of the following assessment findings would indicate

Patient with advanced cancer has several morphine orders

A patient with advanced cancer has several morphine orders to manage pain. There is a continuous infusion ordered to run at 6 mg per hour

Client undergoes a modified radical mastectomy

A 36-year-old client undergoes a modified radical mastectomy. The nurse determines that the client understands the schedule for self-examination