Doubtful Account definition

Doubtful Account means any account receivable for which a reserve has been taken for doubtful accounts in the books and records of the relevant Person in accordance with its usual practice.

Doubtful Account means an account that, based upon the ordinary course of the Business consistent with past practices, is unlikely to be collectible;

Doubtful Account means an account that, in the opinion of the Key Individuals acting reasonably and based upon the ordinary course of the MediaMiser Business consistent with past practices, is unlikely to be collectible.

Examples of Doubtful Account in a sentence

• Contractual and Doubtful Account Allowances Patient accounts receivable are reduced by an allowance for doubtful accounts.

• The accounting entries by the write off in the FAST Accounts Receivable Module will debit the Allowance for Doubtful Account 13010 and credit the Accounts Receivable Account 12010.A copy of the approval signed by the Controller is then sent back to the department for their records.

• All of such accounts receivable are generally due within 30 days after being accrued on the books of the Sellers and have been collected, or are collectible within 180 days after billing, in the full aggregate recorded amounts thereof, less, in the case of the accounts receivable reflected on the Balance Sheet, an allowance for doubtful accounts in the amount of $20,000 (the "Doubtful Account Reserve") as shown on the Balance Sheet.

• We believe that understanding the basis and nature of the estimates and assumptions involved with the following aspects (i.e. Allowance for Doubtful Account and Product Returns) of our financial statements is critical to an understanding of our financials.

• The parties shall then adjust the Doubtful Account Percentage for the following year to equal the percentage of accounts that were uncollectable in the prior Contract Year (rounded to the nearest tenth of a percent), up to the maximum Doubtful Account Percentage of 5%.

• Xxxxxxxx Title: General Manager By: By: Name: Xxxxxx Xxxxx Title: General Manager Name: Xxxxxxx Xxxxxxx Title: Manager, Finance and Administration The Doubtful Account Reserve for the initial purchase will reflect the Credit Risk composed by both the Average Annual Loss and the Average Annual Costs of Late Payment experienced by the Seller during a period of 10 years prior to the date of sale.

• In the event the Company collects, in respect of the Company's accounts receivable and notes receivable as of the date of Closing, an amount in excess of such accounts receivable and notes receivable net of the Doubtful Account Allowance by the second anniversary of the date of the Closing, then Buyer shall pay Seller an amount equal to such excess.

• Only 10.5% of the respondents have the experience for more than 10 years.

• Provision for Doubtful Accounts (PDA) Distance Learning - Values in R$ ('000)2Q162Q15Chg.%1Q16Chg.%Provision for Doubtful Account - PDA(20,113)(21,691)-7.3%(21,221)-5.2%PDA / Distance Learning Net Revenues-7.5%-7.4%-0.1 p.p.-7.4%-0.1 p.p. Provisioning as a ratio of net revenue in the DL business stood at 7.5% in 2Q16, remaining stable in relation to recent quarters, which reinforces the effectiveness of the collections policy, despite the more challenging economic scenario.

• Subject to the Doubtful Account Allowance, on the second anniversary of the date of the Closing, Seller shall pay to Buyer an amount equal to all then outstanding accounts receivable and notes receivable which were in existence on or before the date of the Closing.

More Definitions of Doubtful Account

Doubtful Account means amounts due to a Tobacco Group Company from a customer in the ordinary course of business of such Tobacco Group Company where any Tobacco Group Company has reason to suspect that such amounts will not be paid whether by reason of the insolvency of the customer or otherwise.

Doubtful Account means an Accounts Receivable for which collection efforts are in progress or have been exhausted without successful collection and for which an Allowance for Doubtful accounts adjustment will be recorded.