Monday October 10, 2011 21:35
Doubtful Debt
Posted by Steve Drago as Accounts Receivable, Doubtful Debt, Doubtful Debt Reserve
A Doubtful Debt is a debt that the business or individual is unlikely to collect. Some reasons this may occur are a dispute over the product or service delivered or the belief that the customer won't or can't pay. When the business determines this may...