Allowance for Doubtful Accounts

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Definitions
Allowance for Doubtful Accounts
Allowance for Doubtful Accounts Provision for Bad Debts Accounts Receivable Bad Debt Expense Contra-Asset Account Financial Accounting Revenue Recognition
Allowance for Doubtful Accounts is a contra-asset account that estimates the portion of receivables that may not be collectible.
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Definitions
Bad-Debt Reserve
Bad-Debt Reserve Accounts Receivable Allowance for Doubtful Accounts Uncollectible Accounts Tax Reform Act of 1986 Financial Accounting Taxation Business Finance
A Bad-Debt Reserve is an offset to Accounts Receivable, with amounts that can be expected to be uncollectible. Businesses use this reserve to account for receivables that are not likely to be collected.
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Definitions
Provision for Bad Debts (Allowance for Doubtful Accounts)
Provision for Bad Debts Allowance for Doubtful Accounts Debtors Accounting Period Specific Provision General Provision Doubtful Debts Tax Deduction
A financial estimate calculated to cover debts deemed uncollectable during an accounting period. It distinguishes between general and specific provisions based on the likelihood of debt recovery.
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