Setup Menus in Admin Panel

Sharing the Knowledge!™

Finance Knowledge and Information

What does allowance for doubtful account mean?

SEARCHING
allowance for doubtful account
Noun

An asset contra account representing the possibility that some receivables will not be collected during the coming accounting period.

Synonym(s): 
  • allowance; allowance for bad debt; allowance for uncollectible account; provision for bad debt; provision for bad debts; provision for uncollectible accounts.
top
© 2015-2020 Pecunica LLC.  All rights reserved.