Enter your The World of Accounting For Professional Accountants username.
Enter the password that accompanies your username.

Poll

Best personal finance software?:

States

Articles : 57
Submited Firms : 97
Glossary Words : 3236
Jobs Request : 3
Group Members : 4227
Excel Files : 113
PPT Files : 665
PDF Files : 31

Who's online

There are currently 0 users and 2 guests online.

BAD DEBT RECOVERY

Submission of a form on this page may not work as you do not appear to have JavaScript enabled in your browser.

 

account receivable previously written off as uncollectible is now collected. The entry is to reverse the original write-off by debiting accounts receivable and crediting allowance for bad debts. A second entry is required for the collection by debiting cash and crediting accounts receivable. A high ratio of recoveries to write-offs may signify to the analyst that the firm writes off uncollected debts too quickly.