The difference between bad debt and doubtful debt - AccountingTools
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Oct 21, 2021 · Accounting for a Doubtful Debt. For a doubtful debt, create a reserve account (also known as a contra account) for accounts receivable that may eventually become bad debts, estimate the amount of accounts receivable that may become bad debts in any given period, and create a credit to enter the amount of your estimate in this reserve account, which is known as …
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