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 doubtful debt becomes a bad debt, it may be written off to the provision for doubtful debts or alternatively charged to the profit and loss account if there is no provision. See provision for bad debts

Big dictionary of business and management. 2014.

Look at other dictionaries:

  • doubtful debts — sums of money which are owed to a business but whose payment is in doubt (Accounting) …   English contemporary dictionary

  • doubtful debts provision — Fin an amount charged against profit and deducted from debtors to allow for the estimated nonrecovery of a proportion of the debts. See also bad debt …   The ultimate business dictionary

  • provision for doubtful debts — A British term for *allowance for bad debts …   Auditor's dictionary

  • Сомнительные долги (DOUBTFUL DEBTS, UNCOLLECTIBLE ACCOUNTS —амер.)  — Дебиторская задолженность организации, которая не погашена в сроки, установленные договором, и не обеспечена соответствующими гарантиями См. п. 70 Положения по ведению бухгалтерского учета и бухгалтерской отчетности в Российской Федерации, п. 2… …   Словарь терминов по управленческому учету

  • 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 — I adjective arguable, at issue, conditional, conjectural, contestable, controvertible, debatable, disbelieving, disposed to question, disputable, distrustful, doubtable, doubting, dubious, dubitable, dubius, equivocal, implausible, improbable, in …   Law dictionary

  • 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 — 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

  • doubtful debt provision — combining of debts whose payment is doubtful (account balance company) …   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

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