Thursday
March 30, 2017

Post a New Question

Posted by on .

How do I find the bad debt expense percent when all the info I have is sales, credit sales, collections on accounts receivable, and receivable written off?

  • Kaplan - ,

    Isn't bad debt expense the same as receivables written off? (You might add "collection costs" to that to get bad debt expense). To express bad debt as a percentage, I would divide it by credit sales. The debt writeoffs and credit sales should be for the same or comparable periods of time.

    Some banks and investment brokers are having a big problem with this kind of accounting question now, as tens of billions of dollars in bad debts are being written off.

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question