Could your debt be reduced or forgiven? Take our financial relief quiz. Find my match Could your debt be reduced or forgiven? Take our financial relief quiz. If you’re a business owner extending ...

Matching Principle: The matching principle dictates that expenses should be recognized in the same period as the revenues they helped generate. By recognizing bad debt expense, companies align the ...

Allowance for Doubtful Accounts: This is a contra-asset account that represents the estimated amount of receivables that are ...

Angel Zhong does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their ...

When companies do business on credit, they have accounts payable and accounts receivable. They represent accrued revenues and debts that will eventually come due. But what happens when your accounts ...

Debts owed to a company which are highly unlikely to be repaid and is therefore treated as a loss. These usually stem from a debtor going bankrupt or when the cost of collecting the debt would be more ...