View source for Allowance for Doubtful Accounts

[[Allowance for Doubtful Accounts]] is a contra-asset account that is subtracted from Accounts Receivable. This account accumulates the expected amount of uncollectibles as of a given date.


==Definitions==
According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
:[[Allowance for Doubtful Accounts]]. A contra-asset account that is subtracted from Accounts Receivable. This account accumulates the expected amount of uncollectibles as of a given date.

==Related concepts==
*[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].

==Related lectures==
*[[Principles of Accounting]]. 

[[Category: International Accounting]][[Category: Articles]]