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  2. Bad debt - Wikipedia

    en.wikipedia.org/wiki/Bad_debt

    The doubtful debt reserve holds a sum of money to allow a reduction in the accounts receivable ledger due to non-collection of debts. This can also be referred to as an allowance for bad debts. Once a doubtful debt becomes uncollectible, the amount will be written off. [4]

  3. I'm a Business Owner. What Expenses Can I Write Off on ... - AOL

    www.aol.com/write-off-expenses-businesss-taxes...

    Uncollected Debts, Liabilities and Losses on the Sale of Investment Property This practice is known as “writing off a loss.” It applies to when you have assets destroyed or give up on ...

  4. Charge-off - Wikipedia

    en.wikipedia.org/wiki/Charge-off

    The purpose of making such a declaration is to help support a tax deduction for bad debts under Section 166 of the Internal Revenue Code. In that respect it is a form of write-off. Bad debts and even fraud are simply part of the cost of doing business. The charge-off, though, does not free the debtor of having to pay the debt.

  5. Accounting equation - Wikipedia

    en.wikipedia.org/wiki/Accounting_equation

    The accounting equation plays a significant role as the foundation of the double-entry bookkeeping system. The primary aim of the double-entry system is to keep track of debits and credits and ensure that the sum of these always matches up to the company assets, a calculation carried out by the accounting equation. It is based on the idea that ...

  6. Write-off - Wikipedia

    en.wikipedia.org/wiki/Write-off

    The distinction is that while a write-off is generally completely removed from the balance sheet, a write-down leaves the asset with a lower value. [4] As an example, one of the consequences of the 2007 subprime crisis for financial institutions was a revaluation under mark-to-market rules: "Washington Mutual will write down by $150 million the ...

  7. How to pay off credit card debt - AOL

    www.aol.com/finance/pay-off-credit-card-debt...

    With the snowball method, you pay off your debts from smallest to largest. Getting a debt paid off in the shortest time possible is a good motivator that could help you stay on track — which may ...

  8. How to retire on less than $1 million and never run out of money

    www.aol.com/finance/retire-less-1-million-never...

    You can make withdrawals using a method such as the 4 percent rule, which involves withdrawing 4 percent of your retirement funds and then adjusting for inflation each subsequent year for 30 years ...

  9. Earnings before interest, taxes, depreciation and amortization

    en.wikipedia.org/wiki/Earnings_before_interest...

    A company's earnings before interest, taxes, depreciation, and amortization (commonly abbreviated EBITDA, [1] pronounced / ˈ iː b ɪ t d ɑː,-b ə-, ˈ ɛ-/ [2]) is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, state-mandated payments, and costs required to maintain its asset base.

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