Allowance For Doubtful Accounts Definition Investopedia

Allowance for Doubtful Accounts Definition - Investopedia.

Mar 20, 2021 . Allowance For Doubtful Accounts: An allowance for doubtful accounts is a contra-asset account that reduces the total receivables reported to reflect only the accounts receivable expected to be ....

https://www.investopedia.com/terms/a/allowancefordoubtfulaccounts.asp.

Accounts Uncollectible Definition - Investopedia.

Aug 27, 2021 . Accounts uncollectible are loans, receivables or other debts that have virtually no chance of being paid. An account may become uncollectible for many reasons, including the debtor's bankruptcy ....

https://www.investopedia.com/terms/a/accounts-uncollectible.asp.

Contra Account Definition - Investopedia.

Jul 21, 2022 . Contra Account: A contra account is an account found in an account ledger that is used to reduce the value of a related account. A contra account's natural balance is opposite of the associated ....

https://www.investopedia.com/terms/c/contraaccount.asp.

Allowance for Bad Debt Definition - Investopedia.

Nov 30, 2020 . Allowance For Bad Debt: An allowance for bad debt, also known as an allowance for doubtful accounts, is a valuation account used to estimate the portion of a bank's loan portfolio that may ....

https://www.investopedia.com/terms/a/allowance-for-bad-debt.asp.

Bad Debt Expense Definition - Investopedia.

Sep 25, 2020 . Bad debt expense represents the amount of uncollectible accounts receivable that occurs in a given period. Bad debt expense occurs as ....

https://www.investopedia.com/terms/b/bad-debt-expense.asp.

Net Receivables Definition - Investopedia.

Nov 28, 2020 . Net receivables is the total money owed to a company by its customers minus the money owed that will likely never be paid. Net receivables is often expressed as a ....

https://www.investopedia.com/terms/n/netreceivables.asp.

Credit Definition - Investopedia.

Mar 07, 2022 . Credit is a contractual agreement in which a borrower receives something of value now and agrees to repay the lender at some date in ....

https://www.investopedia.com/terms/c/credit.asp.

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General Provisions Definition - Investopedia.

Nov 15, 2020 . General provisions are balance sheet items representing funds set aside by a company as assets to pay for anticipated future losses. For banks, a general provision is considered to be ....

https://www.investopedia.com/terms/g/generalprovisions.asp.

Contra Account (Definition, Example) | List of Top 4 Types.

#1 - Contra Asset. An asset that is recorded as a credit balance is used to decrease the balance of an asset. The balance of a contra asset account Contra Asset Account A contra asset account is an asset account with a credit balance related to one of the assets with a debit balance. When we add the balances of these two assets, we will get the net book value or carrying value of the ....

https://www.wallstreetmojo.com/contra-account/.

Loss Given Default (LGD) Definition - Investopedia.

May 12, 2022 . Loss Given Default - LGD: Loss given default (LGD) is the amount of money a bank or other financial institution loses when a borrow defaults on a loan. The most frequently used method to calculate ....

https://www.investopedia.com/terms/l/lossgivendefault.asp.

Net Realizable Value (NRV) Definition - Investopedia.

Oct 21, 2021 . Net Realizable Value - NRV: Net realizable value (NRV) is the value of an asset that can be realized upon the sale of the asset, less a reasonable estimate of the costs associated with either the ....

https://www.investopedia.com/terms/n/nrv.asp.

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