Uncollectible Accounts Expense VS Bad Debts Expense
Here we will study about the difference between Uncollectible Accounts Expense And Bad Debts Expense . You may also be interested in “ Allowance For Doubtful Accounts Journal Entry ” 1. Uncollectible Accounts Expense is the Doubtful Debt or uncollectible estimated amount of Accounts Receivable (Customers) while Bad Debts Expense is the Actual Amount of Debts or Amount of Accounts Receivable not received or recovered from Our Customers in reality. 2. Uncollectible Accounts Expense are recorded in its Ledger and closed to Income Statement or Profit And Loss Statement and following Accounting Journal Entry is Passed: Uncollectible Accounts Expense / Doubtful Debts a/c Allowance For Doubtful Accounts / Provision For Doubtful Debts while Bad Debts are Recorded in its led...