All Essential Benefits/Effects/Facts & Information. Olive leaf extract is a supplement derived from the leaves of the plant that bears olive (a fruit from which the cooking oil is derived from) and contains the main bioactives of hydroxytyrosol/tyrosol and oleuropein/ligstroside.
When a customer defaults on an amount due, this is called bad debt. When an account is deemed to be uncollectible, the business must remove the receivable from the books and record an expense. This is considered an expense because bad debt is a cost of doing business.
For example, if a company has $100,000 in net credit sales during an accounting period and its bad debts are on average 2 percent of credit sales, the bad debt reserve is $2,000. Therefore, the profit and loss impact is a $2,000 reduction in net income for the accounting period.or example, if a company has $100,000 in net credit sales during an accounting period and its bad debts are on average 2 percent of credit sales, the bad debt reserve is $2,000. Therefore, the profit and loss impact is a $2,000 reduction in net income for the accounting period.