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Term: Accounting -> Reserve for bad debts
Term:

Reserve for bad debts

Definition:

Also called allowance for bad debts, it is an estimate of uncollectable customer accounts. It is known as a "contra" account because it is listed with the assets, but it will have a credit balance instead of a debit balance. For balance sheet purposes, it is a reduction of accounts receivable.

Related terms:

Joint payee endorsement

Permanent (Budget) Revision
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