- doubtful debt
- See *bad debt.
Auditor's dictionary. 2014.
Look at other dictionaries:
doubtful debt — ➔ debt * * * doubtful debt UK US noun [C] ► a debt that is unlikely to be paid: »Provision for doubtful debts is calculated on debtors’ balances after elimination of bad debts … Financial and business terms
doubtful debt — An amount owed to an organization by a debtor that it might well not receive. A provision for doubtful debts may be created, which may be based on specific debts or on the general assumption that a certain percentage of debtors amounts are… … Accounting dictionary
doubtful debt — /daʊtfəl ˈdɛt/ (say dowtfuhl det) noun a debt which is treated as a possible future loss and provided for by setting aside an amount out of profits … Australian English dictionary
doubtful debt provision — combining of debts whose payment is doubtful (account balance company) … English contemporary dictionary
doubtful — UK US /ˈdaʊtfəl/ adjective ACCOUNTING ► used to describe debts or accounts that are unlikely to be paid: »The Company has established an allowance for doubtful accounts based on the credit risk of specific customers and historical trends. → See… … Financial and business terms
debt — that which is owed. If you borrow money, buy something on credit or receive more money on an account than is owed, you have a debt. Glossary of Business Terms Funds owed by a debtor to a creditor. Outstanding debt obligations are assets for… … Financial and business terms
Debt — Money borrowed. The New York Times Financial Glossary * * * debt debt [det] noun 1. [countable] money that one person, organization, country etc owes to another: • The country will not receive further funds after it failed to repay debts of $16… … Financial and business terms
doubtful debts — Money owed to an organization, which it is unlikely to receive. A provision for doubtful debts may be created, which may be based on specific debts or on the general assumption that a certain percentage of debtors amounts are doubtful. As the… … Big dictionary of business and management
Bad debt — A bad debt is an amount that is written off by the business as a loss to the business and classified as an expense because the debt owed to the business is unable to be collected, and all reasonable efforts have been exhausted to collect the… … Wikipedia
bad debt — An *accounts receivable balance whose collection is doubtful. Under most systems of *Generally Accepted Accounting Principles, an *allowance for bad debts is raised to acknowledge the reduced likelihood of recoverability of a customer balance.… … Auditor's dictionary