freelearnaccounts blogspot.com

learn accounting

Thursday, March 26, 2009. A debt that is not collectible and therefore worthless to the creditor. This occurs after all attempts are made to collect on the debt. Bad debt is usually a product of the debtor going into bankruptcy or where the additional cost of pursuing the debt is more than the amount the creditor could collect. This debt, once considered to be bad, will be written off by the company as an expense. Allowance For Bad Debt. Allowance For Bad Debt. Also known as loan-loss reserve. Increas.
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Thursday, March 26, 2009. A debt that is not collectible and therefore worthless to the creditor. This occurs after all attempts are made to collect on the debt. Bad debt is usually a product of the debtor going into bankruptcy or where the additional cost of pursuing the debt is more than the amount the creditor could collect. This debt, once considered to be bad, will be written off by the company as an expense. Allowance For Bad Debt. Allowance For Bad Debt. Also known as loan-loss reserve. Increas.

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This web page freelearnaccounts.blogspot.com states the following, "Thursday, March 26, 2009." We saw that the webpage said " A debt that is not collectible and therefore worthless to the creditor." It also said " This occurs after all attempts are made to collect on the debt. Bad debt is usually a product of the debtor going into bankruptcy or where the additional cost of pursuing the debt is more than the amount the creditor could collect. This debt, once considered to be bad, will be written off by the company as an expense. Also known as loan-loss reserve."

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