The examples below further explain how a company writes off bad debt and how these accounts impact each other. The discussion also examines the impact of writing off bad debts on the income statement, balance sheet, and statement of changes in financial position.
Prothrombin is a protein in the blood that is required for the blood to clot. It is also called factor II. Blood clots are composed of a combination of blood platelets and a meshwork of the blood clotting protein fibrin. Prothrombin is a blood clotting protein that is needed to form fibrin.
[thromâ²bin]. an enzyme formed from prothrombin, calcium, and thromboplastin in plasma during the clotting process. Thrombin causes fibrinogen to change to fibrin, which is essential in the formation of a clot.Also called factor IIa. See also blood clot, prothrombin. Hematology A key clot promoting enzyme that converts fibrinogen to fibrin and protects against fibrinolysis by activating thrombin-activatable fibrinolysis inhibitor.thromâ²bin]. an enzyme formed from prothrombin, calcium, and thromboplastin in plasma during the clotting process. Thrombin causes fibrinogen to change to fibrin, which is essential in the formation of a clot.