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Definition of 'Accounts Uncollectible'
Loans, receivables or other debts that have virtually no chance of being paid. An account may become uncollectible for many reasons, including the debtor's bankruptcy, an inability to find the debtor, lack of proper documentation, etc.
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Investopedia explains 'Accounts Uncollectible'
Before an account is classified as uncollectible, it usually becomes a "doubtful" account. Companies and banks keep a cash reserve for these accounts, which is a contra account to the loan or receivable account. Once an account is deemed uncollectible, it must be written off.
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Search results for 'Accounts Uncollectible'
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http://www.investopedia.com/university/accounting-earnings-quality/earnings7.asp
... account is uncollectible and make the accounting adjustments. On the other hand,
estimation errors and manipulation in non-current accrual accounts may take ...
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http://www.investopedia.com/exam-guide/cfa-level-1/assets/accounting-credit-transactions.asp
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http://www.investopedia.com/ask/answers/06/allowancefordoubtfulaccounts.asp
... and is presented usually on the balance sheet within the accounts receivable. ... way
is to multiply sales by a certain percentage believed to be uncollectible. ...
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http://www.investopedia.com/university/accounting-earnings-quality/earnings3.asp
... inventory, High. Accounts Receivable, Estimating product returns and the
portion that is uncollectible, High. Accounts Payable, These ...
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http://www.investopedia.com/university/accounting-earnings-quality/earnings2.asp
... and italicized items on the balance sheet are the holding accounts created to ... In
this case, you make no entries for uncollectible account expenses or allowance ...
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http://www.investopedia.com/exam-guide/cfa-level-1/liabilities/tax-deferred-liabilities.asp
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http://www.investopedia.com/articles/stocks/07/short_stocks.asp
... are two of the most obvious (increasing inventories, and accounts receivable) signs ...
If some of these debts ultimately prove to be uncollectible, they will also ...
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http://www.investopedia.com/articles/00/091800.asp
... You officially have bad debt (default), which usually means it is uncollectible. ...
are viewed negatively (such as those for monitoring of accounts, or prescreens ...
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