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-   -   Effects of lowering the estimate for doubtful acconts (https://www.askmehelpdesk.com/showthread.php?t=84329)

  • Apr 19, 2007, 01:10 PM
    questionsgalor
    Effects of lowering the estimate for doubtful acconts
    What effect does lowering the estimate for doubtful accounts have on an income statement and balance sheet?
  • Apr 19, 2007, 02:06 PM
    tickle
    It probably means a huge debit. If you have too many doubtful accounts that are hard to collect then you have a situation that borders on bankruptcy. I don't have any expertise in this field but it is evident to me.

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