BAD DEBT Definition

Bookmark and Share

BAD DEBT is an open account balance or loan receivable that has proven to be uncollectible and is written off.

Learn new Accounting Terms

BROWN BOOK is industry slang for Development of the Oil and Gas Resources of the United Kingdom; an annual report.

BALANCING OFF THE BOOKS means totaling off the various amounts to find out how much money is left or, how overdrawn the organization is. At certain times; e.g. once a month, quarterly, for management committee meetings; it may be necessary to balance off the books".

Suggest a Term

Enter Search Term

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