Bad debt expense is the loss from doing business with customers who are later unable to pay for the services or goods they received. The expense is booked to the general ledger once all credit and ...

To generate income and enhance customer relations, a corporation may decide to extend credit to its customers on the sale of goods or services. To remain consistent with how delinquent customer ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...