Tag Archives: Bad Debt

Receivables, Bad Debts and Reserves. Oh my!

What is an account receivable? What is the significance of this accounting transaction and what can affect the amount of the receivable recorded? To start, accounts receivable is one of a series of accounting transactions that deals with billing customers … Continue reading

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Matching Receivables: How to Account for Bad Debt

Accounts receivable represent amounts due from customers who have purchased merchandise on credit and who have agreed to pay within a specified period or when billed by a company. Since all accounts receivable represent a portion of purchased merchandise on … Continue reading

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The Flaw of Accounts Receivable in Financial Accounting to Non-accountants

The Flaw of Accounts Receivable in Financial Accounting to Non-accountants In my previous publication, The Unresolved Flaws in Financial Accounting I addressed some of the complex flaws in financial accounting that add to the confusion and frustration non-accountants face in … Continue reading

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A method for dealing with your credit score

Do you have a lot of debt? Too many unpaid bills? Have you lately faced a major financial set back, such as a bankruptcy? Have you simply not had credit long enough to set up, good credit? Have you defaulted … Continue reading

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Where do credit scores come from ?

If you don’t understand how your credit score works, you will also be at the mercy of any firm that tries to tell you how you can improve your score – on their conditions and at their price. In general, … Continue reading

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