Understanding Allowance For Credit Losses
Автор: Simple Explain
Загружено: 2023-12-09
Просмотров: 4302
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Today, we will talk about understanding allowance for credit losses. Allowance for credit losses is an estimate of the debt that a company is unlikely to recover. It is taken from the perspective of the selling company that extends credit to its buyers. It is an accounting technique that enables companies to take anticipated losses into consideration in its financial statements to limit overstatement of potential income.
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