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Glossary / Also known as

Uncollectible receivable

Another name for Bad Debt.

Other names
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What does uncollectible receivable mean?

Uncollectible receivable is another name for Bad Debt. Bad debt refers to accounts receivable that a business determines are uncollectible and must be written off as a loss, reducing both assets and revenue.

The two names mean the same thing. You will see "uncollectible receivable" in some ledgers, reports and contracts and "Bad Debt" in others. The full entry covers how it works, with examples.

Read the full definition of Bad Debt

Topics

From the glossary

Related terms.

Collections and DSO Bad Debt Bad debt refers to accounts receivable that a business determines are uncollectible and must be written off as a loss, reducing both assets and revenue. Also called bad debts, irrecoverable debt, uncollectible receivable Accounts payable Accounts Payable (AP) Money a business owes to its suppliers and vendors for goods or services received but not yet paid for. Also called trade payables, sundry creditors, payables GST basics GST (Goods and Services Tax) India's unified indirect tax that replaced multiple central and state levies, creating a single national market for goods and services. Also called Goods & Services Tax TDS TDS (Tax Deducted at Source) A system where the payer deducts income tax at prescribed rates before paying the payee, and deposits it with the government on the payee's behalf. Also called withholding tax, tax deduction at source, tax withheld at source Financial reporting Balance Sheet A financial statement that presents a company's total assets, liabilities, and shareholders' equity at a specific point in time. Also called statement of financial position, statement of assets and liabilities Due dates and calendars Financial Year (FY) The 12-month accounting period from April 1 to March 31 used for tax filings, financial reporting, and statutory compliance in India. Also called accounting year, tax year
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