No an assetit is created as an deduction from acc. rec. and acc. rec. is counted as an asset which is Dr. and so Allowance f d.d. is counted as an Cr. but its not a liability.if it must be counted as...
A bad debt is the actual amount of your accounts receivable that are not able to be received due to that person going bankrupt or similiar. Doubtful debts is not the actual amount but rather the...