Reserve for Bad Debts, Residual Value, Resolution, Resources

Reserve for Bad Debts, Residual Value, Resolution, Resources :

Reserve for Bad Debts : a sum that is set aside for expected bad debts, credits, etc. often as a percentage of sales. The provision of an appropriate reserve for bad debts aids in the reduction of profits and to be entered in reports to symbolise an accurate financial status of a company.

Residual Value : an asset’s worth after deduction of the accumulated depreciation : the book value as different from actual cost or market value. An asset’s scrap value reduced or subtracted before depreciation is calculated.

Resolution : a formal statement of the aim or opinion usually created by a group as a board of directors, a committee, union group, etc. : the fine quality of an image as displayed on a monitor screen or a printer

Resources : all that is present for use particularly to attain a task such as the personnel and equipment available to a manufacturer : Indicative of the summation of all the abilities of a computer system established by the configuration of its hardware and software

Reserve for Bad Debts

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