Investopedia / Mira Norian Accounts uncollectible are receivables, loans, or other debts that have virtually no chance of being paid. An account may become uncollectible for many reasons ...

Uncollectible accounts receivables require not one, but a series of adjusting entries to ensure that the financial statements properly reflect the current financial condition of a business and ...

While repaying your delinquent credit card debt is often the best strategy, some circumstances could lead to credit card debt becoming legally uncollectible. Understanding how this can happen can ...

While it is easy to identify an uncollectible receivable as a recorded sale for which you will be unable to recover the proceeds, there are several steps a business needs to take to get to that point.

A charge-off can refer to an item on a company's income statement that is either an uncollectible accounts receivable (non-payment of a bill owed to the company) or otherwise related to a debt ...

The taxpayer subsequently realizes that the customer does not have the means to pay and, they will have to consider the accounts receivables as uncollectible and a bad debt. In sales where payment ...

The Guam Memorial Hospital Authority management wants to write off, or eliminate, about $2.8 million worth of patient billings that it believes are uncollectible. That amounts to money owed by ...

Congress must act now to pass the Providing Liquidity for Uncollectible Sales (PLUS) Act to ensure distributors can continue to provide the support their restaurant customers need to survive this ...

The Oklahoma Tax Commission admits most of the taxes on the list are "Uncollectible". We asked the commission's spokesperson if the list is useless. "Well I wouldn't say useless… I think as far ...