What is Cash Realizable Value? Cash realizable value refers to the net amount of cash that a company can expect to receive from the sale of its products or services after deducting any discounts, returns, and other allowances. It is an essential met…
What is a Cash Discount? A cash discount is a discount given to customers who pay their invoice within a specified period of time. For example, a business might offer a 2% discount if a customer pays their invoice within 10 days instead of the usu…
What is bad debt recovery? Bad debt recovery refers to the process of attempting to recoup money that is owed to a business or individual by a debtor who is unable or unwilling to pay. This can be a challenging and time-consuming process, but it is …
What is Bad Debt Provision? A bad debt provision is an accounting provision that allows a company to set aside funds for expected future losses on outstanding debts that are not expected to be collected. It is a way for a company to recognize the po…
What is Bad debt? Bad debt is a term used to describe a debt that is unlikely to be paid back. This can occur for a variety of reasons, but typically it is because the borrower does not have the financial means to make the required payments. Bad deb…
