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.
Related Questions in Accounting Concepts and Principles. bad debt expense / uncollectible account (Solved) December 05, 2011. when the allowance method of recognizing bad debt expense is used the entry to record the write off of a specific uncollectible account would... accounting problem (Solved) October 12, 2011. 11.4 Under the direct write- off method of accounting for uncollectible accounts , Bad Debts Expense is debited a.