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Bad Debts

Provision for Bad Debts

June 19, 2023 by Admin

Provision for Bad Debts is an expense recognized in the income statement, which reduces the company’s net income.
The contra-asset account, provision for bad debts, is reported on the balance sheet as a deduction from accounts receivable.

What are bad debts ?

June 5, 2023 by Admin

Bad debts refer to the portion of accounts receivable that a business is unable to collect from its customers or clients.

Categories Journal Entries Tags Bad Debt journal entry, Bad Debts, bad debts meaning

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