Similar words: uncollectible accounts, collectible, coin collecting, collection, collecting, collective, collectable, collectivism. Meaning: adj. not capable of being collected.
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1. To set up an allowance system for uncollectible accounts.
2. Losses from uncollectible receivables tend to be greater during periods of recession than in periods of growth and prosperity .
3. Capital One said charge-offs, card loans deemed uncollectible, declined to 9.32% in August from 9.83% in July in its U.S. credit-card business.
4. A method of accounting for uncollectible accounts in which an estimate is made of the amount of sales on account for which payment will not be received.
5. Selling goods on credit cause uncollectible accounts expense to customers who fail to pay their bills.
6. Based upon past experience[sentencedict.com], the uncollectible accounts expense is estimated at some percentage of net credit sales.
7. This approach of estimating uncollectible accounts receivable as a percentage of credit sales is easier to apply than the method of aging accounting receivable .
8. Uncollectible loans are generally thought to exceed 20 % of all lending.
9. The jusen are saddled with 6. 27 trillion yen in uncollectible loans.
10. Assume that a business estimates that 1 percent of sales on account will be uncollectible.
11. Equal to the gross amount of accounts and notes receivable, less an estimate of the portion that may prove to be uncollectible.
12. Notice also that the entry to write off an uncollectible account receivable reduces both the asset account and the contra-asset account by the same amount.
13. An alternative method, called the income statement approach, focuses upon estimating the uncollectible accounts expense for the period.
14. The larger the valuation allowance, the larger the current charge to uncollectible accounts expense.
15. At the end of each month, management should again estimate the probable amount of uncollectible accounts and adjust the Allowance for Doubtful Accounts to this new estimate.
16. Whenever an account receivable from a specific customer is determined to be uncollectible, it no longer qualifies as an asset and should be written off.
17. The employees who maintain accounts receivable or handle cash receipts should not have authority to issue credit memoranda or to authorize the write-off of receivables as uncollectible.
18. OVERALL LIMIT- In no case shall the total payments required pursuant to subparagraph (A) exceed the amount of the uncollectible share.
19. This paper analyses the importance of undertaking unit totaling reserve for uncollectible accounts of receivable account in accounting.sentencedict.com/uncollectible.html
20. A business with many accounts receivables will reasonably expect to have losses from uncollectible accounts.
21. The term "net sales" shall mean gross sales less quantity iscounts and returns, but no deduction shall be made for cash or other iscounts or uncollectible accounts.
22. In the adjusting entry made by Solarwind Company at January 3, the amount of the adjustment ($10) was equal to the estimated amount of uncollectible accounts.
23. To illustrate, assume that a company's past experience indicates that about 2 % of its credit sales prove to be uncollectible.
24. Under the direct write-off method, no entry is made untill a specific account has definitely been established as uncollectible.
25. A valuation account or contra-account relating to accounts receivable and showing the portion of the receivables estimated to be uncollectible.
26. Under the allowance method, companies estimate the amount of the uncollectible accounts expense that will eventually result from a period's sale in order to reflect the expense during the same period.
27. To record the portion of total accounts receivable estimated to BE uncollectible, the following adjusting entry should BE made at January 31...
28. The following schedule lists the group totals from the aging schedule and shows how the estimated total amount of uncollectible accounts is computed...
29. On motion, however, the court, if it finds that the obligation of either party is likely to be uncollectible, may order that both parties make payment into court for distribution.
30. Earlier this month, Advanta Corp said it will stop lending to its 1 million small-business cardholders after roughly one-fifth of its debt became uncollectible.
More similar words: uncollectible accounts, collectible, coin collecting, collection, collecting, collective, collectable, collectivism, collectivity, collectively, collectivist, recollection, collective farm, collective noun, data collection, stamp collecting, collectivization, collection letter, collection period, collective goods, stamp collection, collectivisation, collection agency, collective system, garbage collection, collective security, collective agreement, collective bargaining, collect, perfectible.