Investing in 3MEvents & Archived PresentationsContact Information | Definition| Provision for Doubtful Accounts | | Provision for Doubtful Accounts represents provisions established for doubtful accounts receivable. It is usually established on the basis of maturities of receivables and the company’s experience on collecting such receivables. Since this is an asset account, Provision for Doubtful Accounts is established as a contra account to receivables and expressed in a negative figure. |
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