bad debts practices of selected small …（坏账实践选择小u2026）.pdfVIP

Rev. Integr. Bus. Econ. Res. Vol 1(1) 163 BAD DEBTS PRACTICES OF SELECTED SMALL AND MEDIUM ENTERPRISES IN THE PHILIPPINES Venus C. Ibarra University of Guam venus.ibarra@ ABSTRACT The concept of bad debts expense is relevant to companies that use the accrual basis of accounting and are heavy on credit sales. Uncollectible accounts or bad debts reduce revenue and recognition of bad debts is crucial in presenting the correct revenues of the company.