doubtful debts

doubtful debts

amounts owed to a company by customers or borrowers which may possibly not be paid because the customers or borrowers are in financial difficulties. In anticipation that many doubtful debts will eventually become BAD DEBTS, a company may make a PROVISION against profits for some doubtful debts. See CREDIT CONTROL.
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References in classic literature ?
There was a sale of the furniture and lease, at Norwood; and Tiffey told me, little thinking how interested I was in the story, that, paying all the just debts of the deceased, and deducting his share of outstanding bad and doubtful debts due to the firm, he wouldn't give a thousand pounds for all the assets remaining.
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In the accompanying commentary we learnt, ''Selling and administrative expenses increased in the period compared to the prior year, mainly as a consequence of increased provisions for doubtful debts in the FMCG business.
Banking stocks lead at Nairobi bourse
Banksias financial reports for the financial years ending 30 June 2011 and 30 June 2012, and its half-year financial report for the half year ending 31 December 2011, did not comply with the relevant accounting standards, nor did they give a true and fair view of the financial position and performance of Banksia given the amount disclosed for the provision of bad and doubtful debts was inadequate.
Australia : Court orders penalty against former managing director of Banksia Securities Limited
The volume of provisions made by banks to deal with bad and doubtful debts reached EGP 109.
Volume of allocations in banks amounts to EGP 109.383bn
It does not have any overdue or doubtful debts due to strong credit mechanism.
Fintech NBFC Prest Loans raises equity from existing investors
Nepra did not allow K-Electric any provision for including the cost of doubtful debts in tariff, but allowed the company to write off bad debts at the rate of 1.
NEPRA increases K-Electric's tariff - K-Electric to hire an engineer for heat rate tests within 6 months
Moreover, disallowance on account of Provision for doubtful debts has also been reduced to the tune of Rs.
SNGPL declares historical high profit
Rise was attributable to higher salaries and wages expense, outsource job contractor charges and provision for doubtful debts beside normal impact of inflation in Pakistan.
Research Corner - PAK SUZUKI MOTOR'S NET SALES REVENUE, GROSS PROFIT DECLINE IN 9 MONTHS
It said that higher charges for bad and doubtful debts and a mining downturn had pushed down profits.
National Australia Bank reports fall in profit
These improvements were bolstered by better assets quality, lower provisions for bad and doubtful debts and reduced losses from the disposal of foreclosed assets, he said.
Group Lease PCL (SET:GL) Q1, Posts New Record-High Profits
In 2013, provisions for doubtful debts stood at $25.
Depa back in black despite sales decline
1 million, and given that provisions for doubtful debts was e1/41.
Massive hole reported in CyBC pension fund

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