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No. Because it is calculated as a percentage of accounts receivable or net income it will be variable.
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Is bad debt expenses considered a product cost?
Bad debt expense is a product cost, depends directly on sales.
How do you calculate the Bad Debt Expense on the income statement report?
credit the account receivable and debit the bad debt expense.
Is bad debt a current liability or expense?
Bad debt is expense to reduce the amount of accounts receivable not recoverable from customers.
Do you credit allowance for bad debt and debit bad debt expense?
you smell
Different names for bad debt expense?
Uncollectible Accounts Expense.
Is bad debt expenses considered a product cost?
Bad debt expense is a product cost, depends directly on sales.
Is bad debt expense a variable cost expense?
According to The Entrepreneur's Guide to Writing Business Plans and Proposals that can be found in google books, bad debt expense is a variable expense because the amount of bad debt depends on the amount of sales.
How do you calculate the Bad Debt Expense on the income statement report?
credit the account receivable and debit the bad debt expense.
Is bad debt a current liability or expense?
Bad debt is expense to reduce the amount of accounts receivable not recoverable from customers.
Do you credit allowance for bad debt and debit bad debt expense?
you smell
Bad debt is an expense?
Yes.
What expense classification would bad debt expense be listed under?
Admin expense
Different names for bad debt expense?
Uncollectible Accounts Expense.
Bad debt on a balance sheet?
No, bad debt is an expense and is reflected on the P&L Statement.
How do you write an adjusting entry for bad debt expense?
Debit to bad debt expense, credit to allowance for doubtful accounts. The figure would be your yearly estimate.
Do bad debt expense has a debit balance?
yes
Why doubtful debt is treated as an asset and Bad debt as an expense?
Doubtful debt is treated as asset because it is reduction in accounts receivable before it happen and at actual bad debt time it is offset against bad debt account. Bad debt is expense because this is the loss which business incurred due to bankruptcy or not receiving money from debtors.
