bad debts

money owed to you that you can't collect

Financial and business terms. 2012.

Look at other dictionaries:

  • bad debts — Money advanced or trade credit given which will not be repaid. Most businesses make provisions in their accounts for bad debts which are written off against income. Related links value added tax Practical Law Dictionary. Glossary of UK, US and… …   Law dictionary

  • Bad Debts — infobox Book | name = Bad Debts image caption = author = Peter Temple illustrator = cover artist = country = Australia language = English series = Jack Irish series genre = crime novel publisher = HarperCollins, Australia release date = 1996… …   Wikipedia

  • bad debts — debts which cannot be recovered …   English contemporary dictionary

  • bad debts recovered — Debts originally classed as bad debts and written off to the profit and loss account (or to a provision for bad and doubtful debts) but subsequently recovered either in part or in full. Bad debts recovered should be written back to the profit and …   Accounting dictionary

  • bad debts ratio — Fin a way of calculating the significance of bad debts as a proportion of credit sales: Bad debts × 100 /Turnover on credit To calculate the significance of bad debts as a proportion of debtors, however: Bad debts × 100 /Total debtors at a point… …   The ultimate business dictionary

  • bad debts recovered — Fin money formerly classified as bad debts and therefore written off that has since been recovered either wholly or in part …   The ultimate business dictionary

  • allowance for bad debts — A reduction in the value of *accounts receivable. One or more *general ledger accounts are used to record allowances for bad debts, which represent the value of accounts receivable whose ultimate collection is in doubt. The allowance may be for… …   Auditor's dictionary

  • offset bad debts — index redeem (satisfy debts) Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • provision for bad debts — A provision calculated to cover the debts during an accounting period that are not expected to be paid. A general provision, e.g. 2% of debtors, is not allowed as a deduction for tax purposes. A specific provision, in which specific debts are… …   Accounting dictionary

  • provision for bad debts — A provision calculated to cover the debts during an accounting period that are not expected to be paid. A general provision, e. g. 2% of debtors, is not allowed as a deduction for tax purposes. A specific provision, in which specific debts are… …   Big dictionary of business and management

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