ALLOWANCE METHOD is the accepted way to account for bad debt. Bad debt expense may be based on the percent of credit sales for the period, an aging of the accounts receivable balance at the end of the period, or some other method, e.g., percent of accounts receivable.
SUPPORTING DOCUMENTS assist in making a case (prove a point or forward an argument) by providing additional depth and analysis for much of the case in question. See SOURCE DOCUMENTS.
IRD, dependent upon usage, can mean Interest Rate Derivatives (finance), Inland Revenue Department (New Zealands tax revenue collection department), or Interest Rate Differential.
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