SamClawson
Feb 19, 2009, 01:44 PM
In the past we have written off uncollectible pledges to Bad Debt Expense. This year our corporate office is asking us to write off the expense as a contra to Revenue. Is there a guideline to follow regarding this type of transaction? Does it have a FASB rule?
The bottom line does not change in either scenario.
Thanks,
Sam Clawson
The bottom line does not change in either scenario.
Thanks,
Sam Clawson