Where Llamas Live. The native habitat of llamas and guanacos is the cold and dry Andes Mountains region of South America, including parts of Argentina, Bolivia, Chile, Ecuador, and Peru. The sure-footed llamas run easily over the rugged mountaintops at elevations as high as 13,000 feet.
DEFINITION of 'Allowance For Doubtful Accounts'. A contra-asset account that records the portion of a company's receivables, which it expects may not be collected. The allowance for doubtful accounts is only an estimate of the amount of accounts receivable which are expected to not be paid.or example, the company may identify that it expects 4% of its sales to become bad debt, and thus it will adjust the allowance for doubtful accounts each quarter to ensure that this expected loss is reflected on the company's financial statements.
Writing off bad debt example transactions. Before there can be a bad debt expense or allowance for doubtful accounts, there must be an account receivable. An account receivable is an amount that is owed to an entity, usually by one of its customers as a result of a recent sale or the ordinary extension of credit.