uncollectible

OVERALL LIMIT- In no case shall the total payments required pursuant to subparagraph (A) exceed the amount of the uncollectible share.

Equal to the gross amount of accounts and notes receivable, less an estimate of the portion that may prove to be uncollectible.

Age accounts receivable entries incorrectly and not recognize potentially uncollectible amounts as part of a lapping procedure.

a separate account called "Allowance for Doubtful Accounts" with the amount estimated to be uncollectible.

Losses from uncollectible receivables tend to be greater during periods of recession than in periods of growth and prosperity .

The most widely used method oil estimating the probable amount of uncollectible accounts is based upon an aging of the accounts receivable.

To illustrate, assume that a company's past experience indicates that about 2 % of its credit sales prove to be uncollectible.

The larger the valuation allowance, the larger the current charge to uncollectible accounts expense.

When credit is extended to customers, some uncollectible receivables are inevitable.

An alternative method, called the income statement approach, focuses upon estimating the uncollectible accounts expense for the period.

Under the direct write-off method, no entry is made untill a specific account has definitely been established as uncollectible.

The Loss on Uncollectible Account and Its Check Computation and Management

Estimated uncollectible interest and penalties on taxes

Estimated uncollectible items at the balance sheet date;

bad account dead account uncollectible account bad debt bad loan

Uncollectible items at the balance sheet date;

uncollectible accounts bad debt bad loan