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    anichka's Avatar
    anichka Posts: 1, Reputation: 1
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    #1

    May 10, 2009, 02:31 AM
    What does irrecoverable debts and allowance mean?
    What does irrecoverable debts and allowance mean?
    annalizagaspar's Avatar
    annalizagaspar Posts: 6, Reputation: 1
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    #2

    May 10, 2009, 05:33 AM
    Quote Originally Posted by ;
    Irrecoverable debts are those receivables – whether with interest – that can be reasonably ascertained that their holders will not pay.
    Allowance for doubtful accounts, on the other hand, is an estimate of the debts that might not be collected – this means that the company is not reasonably certain about the collectability of the debts.
    For more information go to Irrecoverable Debts and Allowances
    ~liza
    Please don’t forget to rate me and my answer to your post. Happy studying!
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