Bad debt provision: Difference between revisions
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'' | 1. ''Financial reporting - balance sheet - liabilities''. | ||
An item in the balance sheet of a reporting entity, reflecting the estimated amount of total trade receivables which are expected to be irrecoverable. | An item in the balance sheet of a reporting entity, reflecting the estimated amount of total trade receivables which are expected to be irrecoverable. | ||
For external reporting purposes, this liability is usually netted off the gross amounts of trade receivables, only the net balance (after provisions) being disclosed externally. | |||
2. ''Balance sheet - liabilities - progression.'' | |||
More loosely, the change in this balance sheet item over a period of time. | |||
3. ''Balance sheet - liabilities - determination.'' | |||
The basis or process of determining the amount of this balance sheet item. | |||
== See also == | == See also == | ||
* [[Bad debt expense]] | * [[Bad debt expense]] | ||
* [[Bad debt]] | |||
* [[Debtors]] | |||
* [[Determination]] | |||
* [[General provision]] | |||
* [[Gross]] | |||
* [[Impairment allowance]] | |||
* [[Loan loss reserve]] (LLR) | |||
* [[Net]] | |||
* [[Provision]] | * [[Provision]] | ||
* [[ | * [[Trade debtors]] | ||
* [[Trade receivables]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
Latest revision as of 19:29, 3 October 2023
1. Financial reporting - balance sheet - liabilities.
An item in the balance sheet of a reporting entity, reflecting the estimated amount of total trade receivables which are expected to be irrecoverable.
For external reporting purposes, this liability is usually netted off the gross amounts of trade receivables, only the net balance (after provisions) being disclosed externally.
2. Balance sheet - liabilities - progression.
More loosely, the change in this balance sheet item over a period of time.
3. Balance sheet - liabilities - determination.
The basis or process of determining the amount of this balance sheet item.
