Bad debt Expense Allowance method Bad Debt | Financial Accounting Course | CPA Exam FAR ch 7 p 3

IN this video, I discuss bad debt expense. A bad debt expense is recognized when a receivable is no longer collectible because a customer is unable to fulfill their obligation to pay. A bad debt expense is a financial transaction that you record in your books to account for any bad debts your business has given up on collecting.

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