It should be noted that one benefit of estimating uncollectible accounts is that it better matches expenses with revenues.
What are uncollectible accounts?
Accounts uncollectible can be regarded as one that have virtually no chance of being paid.
These can be ;
- receivables
- loans or other debts
However, An account may become uncollectible for the debtor's bankruptcy as well as inability to find the debtor.
Learn more about uncollectible accounts at:
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