Allowance for Bad Debt

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— Mother Teresa

An allowance for bad debt is a valuation account used to estimate the amount of a firm’s receivables that may ultimately be uncollectible. It is also known as an allowance for doubtful accounts. When a borrower defaults on a loan, the allowance for bad debt account and the loan receivable balance are both reduced for the book value of the loan.

Calculating Bad Debt Expense and Allowance for Doubtful Accounts

Title: Calculating Bad Debt Expense and Allowance for Doubtful Accounts
Runtime: 17:10
View count: 185,887
Date posted: Oct 28, 2013

Allowance For Doubtful Accounts - Accounts Receivable

Title: Allowance For Doubtful Accounts - Accounts Receivable
Runtime: 5:06
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Date posted: Nov 20, 2014

Estimated Bad Debts Expense and the Allowance for Doubtful Accounts | Accounting | Chegg Tutors

Title: Estimated Bad Debts Expense and the Allowance for Doubtful Accounts | Accounting | Chegg Tutors
Runtime: 4:14
View count: 71,435
Date posted: May 2, 2016

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