FEATURES OF ALLOWANCE FOR DOUBTFUL ACCOUNTS IN THE ACCOUNTING SYSTEM
The paper represents importance of reflecting doubtful receivables for which there is allowance for doubtful debts. Distortion or absence of this magnitude calls into question the provided information reliability for the major internal and external users. The article illustrates criteria of allowance for doubtful debts, normative base for development and management of its size, and especially stock in international practice.
Keywords: accounts receivable, allowance for doubtful accounts, bad debt, income tax, international
practice.
Elena S. Morozova, candidate of Economics, Associate Professor; Ekaterina A. Gryaznova, student. - Samara State University of Economics.