How to Account for Uncollectible Accounts? Step by Step Guidance with Example
When a company sells goods or services on credit, there is always a risk that some customers will not pay their bills. As a result, companies need to account for the possibility of uncollectible accounts, which are also known as bad debts. Accounting for uncollectible accounts involves estimating the amount of uncollectible accounts and creating …
How to Account for Uncollectible Accounts? Step by Step Guidance with Example Read More »