Account Receivables

Question by a_name_i_couldnt_find: Confusion on reporting Bad Debt Expense? When reporting a bad debt expense on a financial statement, do we include a debit balance for the Allowance for Uncollectible Account? Or does the bad debt expense just include all the estimated debt(past due) that we will not receive and the Allowance for Uncollectible Account [...]

Question by Jules: Bad Debt Reporting and Ethical Decision in Accounting? Marvin Company is a subsidiary of Hughes Corp. The controller believes that the yearly allowance for doubtful accounts for Marvin should be 2% of net credit sales. The president nervous that the parent company might expect the subsidiary to sustain its 10% growth rate, [...]

Question by JC: My lawyer says I need to send a demand to a credit card company that’s reporting false information? He’s not my lawyer for this matter, but told me I need to send a demand to my credit card company for reporting false information to the credit bureaus. I have already disputed it [...]

Question by Kimmer1224: How many times can you check your credit through the “free” credit reporting sites before it hurts it? I recently signed up for the “free trial” credit report with creditreport.com and was not very pleased with my service. They claimed that you could view your score and credit report from all three [...]

Question by No one in particular: Collections, Statute of Limitations and Credit Reporting Agencies….? If a debt is way past the statute of limitations and you have sent a cease and desist letter, can the collection agency still report it to the credit bureaus? Best answer: Answer by OC1999All the Cease and Desist letter does [...]

Question by No one in particular: Collections, Statute of Limitations and Credit Reporting Agencies….? If a debt is way past the statute of limitations and you have sent a cease and desist letter, can the collection agency still report it to the credit bureaus? Best answer: Answer by OC1999All the Cease and Desist letter does [...]

Question by No one in particular: Collections, Statute of Limitations and Credit Reporting Agencies….? If a debt is way past the statute of limitations and you have sent a cease and desist letter, can the collection agency still report it to the credit bureaus? Best answer: Answer by OC1999All the Cease and Desist letter does [...]

Question by No one in particular: Collections, Statute of Limitations and Credit Reporting Agencies….? If a debt is way past the statute of limitations and you have sent a cease and desist letter, can the collection agency still report it to the credit bureaus? Best answer: Answer by OC1999All the Cease and Desist letter does [...]

Question by No one in particular: Collections, Statute of Limitations and Credit Reporting Agencies….? If a debt is way past the statute of limitations and you have sent a cease and desist letter, can the collection agency still report it to the credit bureaus? Best answer: Answer by OC1999All the Cease and Desist letter does [...]

Question by arlynmartinez: What’s up with these credit reporting agencies? Is it just me, or is trying to get a credit report WAY too difficult nowadays? There are way too many websites affiliated with one of the 3 bureaus, but you can’t tell which one, and they want to charge you for EVERYTHING. It almost [...]