Bad Debts

GPTKB entity

Statements (21)
Predicate Object
gptkbp:instanceOf Accounting Term
gptkbp:cause Customer Bankruptcy
Customer Default
Fraudulent Transactions
gptkbp:class Expense
gptkbp:defines Amounts owed to a business that are unlikely to be collected
https://www.w3.org/2000/01/rdf-schema#label Bad Debts
gptkbp:impact Financial Statements
gptkbp:opposedBy Good Debts
gptkbp:recognizedBy Accrual Accounting
Allowance Method
Direct Write-off Method
gptkbp:reduces Net Income
gptkbp:relatedTo gptkb:Accounts_Receivable
Allowance for Doubtful Accounts
Credit Loss
Write-off
gptkbp:reportsTo Income Statement
gptkbp:taxStatus Tax Deductible Expense (in some jurisdictions)
gptkbp:bfsParent gptkb:Jack_Irish
gptkbp:bfsLayer 6