Term of Day
Uh oh! You're not
Term of Day
+ Create New Flashcard
in which a
is made for estimated bad debts in an
by setting aside a certain percentage of total
or shortfall of this
(as against the actual
amount) is adjusted in the following accounting period. It is one of the two such methods; the other is called
direct write off method
. Also called
allowance for bad debts
letter of credi...
pro forma invoi...
You Also Might Like...
Should a Small Business Owner Take Accounting ...
While having an M.B.A. from Harvard is certainly not a prerequisite for running a successful small business, having some basic accounting skills and knowing how to use accounting software can save a small business owner a lot of money and ...
Capital Lease vs. Operating Lease
While leasing may seem like a relatively straight forward process, the accounting and tax treatment of leases can vary greatly depending on if a lease is considered to be capital or operating in nature. This article will help you understand the ...
How to Find an Accountant
Lease vs. Rent
When purchasing something is not quite possible (or desired) the option for many individuals and companies comes down to leasing or renting. While both have similarities, getting access to an asset for a limited period, there are significant ...
Copy & paste this HTML in your website to link to this page
Browse Dictionary by Letter: