Bad Debt Expense - What Companies Need To Be Aware Of
One of the factors that a business must account for in estimating and calculating their earnings is the portion of their collectibles that will not be paid. This number for a company is called bad debt expense. For every dollar that a company is owed, they must estimate an amount that will not be collected. This could be for a variety of reasons. In many businesses, their customers are other businesses. A supplier might sell an item that they manufacture to a retailer, but if that retailer goes out of business before paying off their obligations, their debt to the supplier may never be paid. ...
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