Account Receivables

Question by CHRIS C: Does anyone know of a reputable credit repair company for accounts already reported as bad debt? What I would like to know is how to clean up my credit report of items that have already been placed there. Best answer: Answer by no bodythose end up costing you more than if [...]

Question by pimlico1825: If the credit balance of Allowance for Doubtful Accounts account exceeds the amount of a bad debt being writt? If the credit balance of the Allowance for Doubtful Accounts account exceeds the amount of a bad debt being written off, the entry to record the write-off against the allowance account results in [...]

Question by ecstyle483: Accounting – Bad Debt Expense vs Allowance for Doubtful Accounts? I am unclear as to what the true definition and meaning of Bad Debt Expense and Allowance for Doubtful Accounts. For example, an adjustment of $ 15 is recorded for Bad Debt This would debit Bad Debt Expense by $ 15 This [...]

Question by New York Is The Best: in accounting are the accounts allowances for doubtful accounts and allowances for bad debt the same? the entry here would be Dr) Bad Debt Expense Cr) Allowances for Doubtful Accounts. is ADA the same as ABD i know what the accounts are its a very simple question is [...]

Question by jogy d: Many businesses fail through poor cashflow,even whilst their published accounts show a profit on trading activ Many businesses fail through poor cashflow,even whilst their published accounts show a profit on trading activities. Explain why this happens and explain what managers can do to avoid becoming insolvent through periods of high sales [...]

Question by LegalizeHo’sCriminalizeborti: What accounts for bad debt expense in a Medical practice? A doctor is using the insurances 1099′s to figure out his income. He adds the practice’s operating expenses to offset this income. However he says he does not get any figures from his billing service in regards to Bad Debt expense. Is [...]

Question by qdeezy: Why isn’t collection accounts on my credit report? I have about three past accounts that are in collections. I am trying to take care of all of them but two of them (a cell phone thats in collections and an old bank account) are not on my credit reports! I know that [...]

Question by brideofrox: Fraudulent utility accounts on credit report, what can I do? Someone used my husband’s identity to open utility accounts clear in CA when we live in NY!. ATT, Comcast, and PGE. The balances on his credit report are $ 184 ATT, $ 91 Comcast, and $ 191 PGE. I’m at a loss [...]

Question by Michael O: Affidavit for the Fraudulent Use of Identity and Fraudulent Credit Accounts? I need the affidavit form that I send to credit card companies and credit reporting bureaus. Best answer: Answer by abel jarrodA credit card is more of a necessity nowadays rather than being a luxury or a status symbol. As [...]

Question by AF: Whats the diff between accounts payable and accts. receivable? How can I learn about the two online? Best answer: Answer by jamie5987Accounts Payable is the department that pays the bills. Accounts Receivable is the department that does the invoicing for the company and makes sure that clients are paying their bills on [...]