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Provisión cuentas incobrables y deterioro

English translation: provision for bad debts and depreciation

19:26 Apr 12, 2015
Spanish to English translations [PRO]
Bus/Financial - Accounting / Cuentas incobrables
Spanish term or phrase: Provisión cuentas incobrables y deterioro
This is for a balance would it be non chargeable accounts and deterioration?
Paola Izurieta
Ecuador
Local time: 02:11
English translation:provision for bad debts and depreciation
Explanation:
irrecoverable debt in accounting jargon is 'bad debt'; wear and tear of assets is accounted for by deduction from profit by provision of 'depreciation'
Selected response from:

esing (X)
India
Local time: 12:41
Grading comment
Thank you
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1Allowance for bad/irrecoverable debts and impairment
Edward Tully
5uncollectible accounts and impairment reserve
VERLOW WOGLO JR
4provision for bad debts and depreciation
esing (X)
1 +2allowance for doubtful accounts / uncollectible accounts and impairment (loss)
andres-larsen
4 -1Allowance for Bad Debts
Deby Novitz
4 -1Provision for uncollectible accounts and wear and tear
Francois Boye


  

Answers


29 mins   confidence: Answerer confidence 1/5Answerer confidence 1/5 peer agreement (net): +2
allowance for doubtful accounts / uncollectible accounts and impairment (loss)


Explanation:
allowance for doubtful accounts / uncollectible accounts and impairment (loss)

fuentes:

Credit Losses, Impairment and Allowance for Doubtful ...
www.wikinvest.com/.../Credit_Losses_Impairment_Allowance_Do...
Credit Losses, Impairment and Allowance for Doubtful Accounts. We assess whether unrealized losses on the change in fair value on our available for sale ...

Credit Risk and Allowance for Losses | AccountingCoach
www.accountingcoach.com/accounts-receivable-and-bad-debts.....
(Some companies call this account Provision for Doubtful Accounts or Allowance for Uncollectible Accounts.) Any increases to Allowance for Doubtful Accounts ...

Using Judgment to Measure the Allowance for Doubtful ...
gpae.bryant.edu/.../Using%20Judgment%20to%20Measure%20Allowanc...
CA Finger - ‎
compute the ending balance in the allowance for doubtful accounts (i.e. the ... impaired and when the amount of the impairment loss (i.e. the uncollectible ...

Allowance For Doubtful Accounts Definition | Investopedia
www.investopedia.com/terms/a/allowancefordoubtfulaccounts.a...
The allowance for doubtful accounts is only an estimate of the amount of accounts receivable which are expected to not be paid. The actual payment behavior of ...

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Note added at 1 hr (2015-04-12 21:02:28 GMT)
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discusión anterior relacionada en KudoZ:

Allowance for impairment of trade receivables ... - ProZ.com
www.proz.com › ... › Finance (general)
Sep 22, 2010 - (KudoZ) English to Spanish translation of Allowance for impairment of ... valor por pérdidas (por deterioro del valor) de las cuentas a cobrar ... 5, reservas / provisiones para cuentas por cobrar por ventas / cuentas incobrables /deudores ... reservas / provisiones para cuentas por cobrar por ventas / cuentas ...

andres-larsen
Venezuela
Local time: 03:11
Native speaker of: Native in EnglishEnglish
PRO pts in category: 12

Peer comments on this answer (and responses from the answerer)
agree  Richard Cadena
1 hr
  -> thanks
agree  Andy Watkinson
3 hrs
  -> thanks
disagree  Edward Tully: No, please see below.
4 hrs
agree  Billh
13 hrs
  -> thanks
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5 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): -1
Allowance for Bad Debts


Explanation:
If you are using this on the balance sheet then it can be displayed as:

Bad Debt Reserve or Allowance for Doubtful Accounts or Allowance for Bad Debt

(In the USA it is standard to use Allowance for Bad Debt)

This account comes after Accounts Receivable



On the Income Statement is usually found as:

Bad Debt Expense



Example sentence(s):
  • http://www.allbusiness.com/balance-sheet-tip-allowance-for-bad-debt-13975614-1.html
  • http://accountinginfo.com/study/fs/fs-is-101.htm

    Reference: http://www.investinganswers.com/financial-dictionary/financi...
    Reference: http://www.investopedia.com/terms/b/bad-debt-expense.asp
Deby Novitz
Argentina
Local time: 04:11
Specializes in field
Native speaker of: English

Peer comments on this answer (and responses from the answerer)
disagree  Edward Tully: This is a copy of my answer.
42 mins
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4 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
Allowance for bad/irrecoverable debts and impairment


Explanation:
"Doubtful" is "de dudoso cobro".

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Note added at 4 hrs (2015-04-12 23:34:38 GMT)
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https://www.google.es/?gws_rd=ssl#q="bad debts" "impairments...

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Note added at 4 hrs (2015-04-13 00:14:55 GMT)
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http://accountingexplained.com/financial/receivables/bad-deb...

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Note added at 4 hrs (2015-04-13 00:15:31 GMT)
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http://www.accountingtools.com/questions-and-answers/what-is...

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Note added at 6 hrs (2015-04-13 01:58:56 GMT)
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Surprising to see so many ProZ.com members getting a basic accounting term like this confused.

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Note added at 13 hrs (2015-04-13 09:00:00 GMT)
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http://www.investopedia.com/terms/a/accounts-uncollectible.a...

Edward Tully
Local time: 09:11
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 295

Peer comments on this answer (and responses from the answerer)
agree  patinba
12 hrs
  -> Many thanks! ;-)
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15 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
provision for bad debts and depreciation


Explanation:
irrecoverable debt in accounting jargon is 'bad debt'; wear and tear of assets is accounted for by deduction from profit by provision of 'depreciation'

esing (X)
India
Local time: 12:41
Native speaker of: Native in TamilTamil
PRO pts in category: 8
Grading comment
Thank you
Login to enter a peer comment (or grade)

6 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): -1
Provision for uncollectible accounts and wear and tear


Explanation:
deterioro = wear and tear

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Note added at 15 hrs (2015-04-13 11:26:01 GMT)
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Wear and tear is a financial concept, as proven by the attached Investopedia entry:

http://www.investopedia.com/terms/n/normal-wear-and-tear.asp

Francois Boye
United States
Local time: 03:11
Native speaker of: Native in FrenchFrench
PRO pts in category: 129

Peer comments on this answer (and responses from the answerer)
disagree  Edward Tully: "deterioro" is not wear and tear in accounts, it's impairment//It only applies to property, furniture and fittings, not to assets, investments, etc.
10 mins
  -> See the attachment
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19 hrs   confidence: Answerer confidence 5/5
uncollectible accounts and impairment reserve


Explanation:
uncollectible accounts and impairment reserve

Allowance for bad debts are amounts expected to be uncollected, but still with possibilities of being collected (when there is no other possibility for collection, they are considered uncollectible accounts).

Therefore, "cuentas incobrables" are uncollectible debts/accounts.

"Deterioro" means impairment or deterioration from use - machinery, equipment, etc. It is considered a type of loss as equipment lose value during their service life.



http://smallbusiness.chron.com/bad-debt-reserve-hit-profit-l...



    Reference: http://en.wikipedia.org/wiki/Bad_debt
    Reference: http://smallbusiness.chron.com/bad-debt-reserve-hit-profit-l...
VERLOW WOGLO JR
Brazil
Local time: 04:11
Native speaker of: Native in EnglishEnglish
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