accounts collectable


accounts collectable
index due

Burton's Legal Thesaurus. . 2006

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  • good accounts — Accounts of a merchant which are worth their face value, and which are collectable in the ordinary course of business and by usual business methods, resort to suit or execution not being necessary. Stillman v Lynch, 56 Utah 540, 192 P 272, 12 ALR …   Ballentine's law dictionary

  • allowance for doubtful accounts — A reserve for accounts receivable that may not be collectable. The allowance is always shown as a reduction from gross receivables used to calculate net receivables. An example of a contra asset account. American Banker Glossary …   Financial and business terms

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