Definitions of bad debt reserve
money set aside to cover debts owed to a company that cannot be collected
For IFRS financial reporting purposes, the only allowable method for recognizing bad debts is to establish a bad debt reserve.
főnév
full
noun
money set aside to cover debts owed to a company that cannot be collected
For IFRS financial reporting purposes, the only allowable method for recognizing bad debts is to establish a bad debt reserve.