Tag Archive for : Impairment of bad debts
LEGALCITY announces a partnership with INTUIT to facilitate out-of-court collections for businesses
accounting, business creation, business law, tax law, administrative formalities, payment orders, laws and regulations, debt collection, statisticsDebt collection has never been so easy since the arrival of LEGALCITY!
Impairment of bad debts
accounting, tax law, Uncategorized, debt collectionWhen receivables are considered doubtful, companies are required to write them down. This depreciation is recorded as a loss on accounts receivable. It allows the value of the receivable to be realistically reflected in the company's accounts.