Archive for the ‘Doubtful Debt’ Category

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...