Bad Debt Expense
Bad debt expense refers to the amount of a company’s receivables that are expected to be uncollectible. This is recorded as an expense on the income statement, reducing net income. It’s crucial for businesses to estimate and recognize bad debts to provide a more accurate representation of potential earnings.
More Items
Bank Loan
A bank loan is a sum of money borrowed from a financial institution, which is to be repaid with interest…
Bookkeeping System
A bookkeeping system is a method or software used to record financial transactions, track income and expenses, and maintain accurate…
Business Model
A business model refers to how a company creates, delivers, and captures value. It defines the company's strategy for generating…
This website uses cookies to improve your experience. You can accept all or reject non-essential cookies.