UNCOLLECTIBLE ACCOUNT EXPENSE Definition

Bookmark and Share

UNCOLLECTIBLE ACCOUNT EXPENSE, also known as a bad-debt expense, is that expense incurred in the unsuccessful attempt to realize payment of a Account Receivable. Uncollectible account expenses must be incurred in the time period in which the related sales are made, e.g. an AR that originates from a credit sale in January and is determined to be uncollectible in June represents an expense in January.

Learn new Accounting Terms

NON-EXPENDABLE PROPERTY is durable (e.g., equipment and furniture), lasting for a year or longer, and generally has a high dollar value. Non-expendable property must be accounted for throughout its useful life.

INSERTION ORDER, in marketing, is an agreement that specifies aspects related to an advertising campaign.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.