Accounts receivable is part of the current assets section of the balance sheet. It represents the total amount due from customers. If the company decides that a specific amount is an uncollectible bad ...

Accounts receivable is defined as an asset that reflects a future payment. In actuality, an accounts receivable is a debt. How your business deals with the debt obligation, and the terms of the debt, ...

Allowance for Doubtful Accounts: This is a contra-asset account that represents the estimated amount of receivables that are not expected to be collected. It is deducted from the gross accounts ...