Glossary

A glossary is a dictionary of terms specific to a certain subject. A biology textbook might have a glossary in the back, so you can quickly look up all those technical words.

Bad Debts Expense

Updated on 2023-08-29T11:55:16.349802Z

Bad debts expense is usually referred to as a doubtful accounts expense or uncollectable accounts expense. These expenses arise because of non-payment of goods and services delivered on credit by the company. The company may report bad debts expense in two ways:

  • Direct Write off Method
  • Allowance Method