Estimates

Accounting Terms Dictionary

Select a letter below to view all accounting terms that begin with that letter.

Estimates

Educated guesses or approximations.

Chi deducts 2% in bad debt expense every year. She is guessing or estimating that 2% of her credit customers will not pay her. The 2% is not a complete guess because every year for the past 10 years approximately 2% of her customers have not paid. We would say she is estimating or taking an educated guess.

There is currently no content classified with this term.

Get instant access to step-by-step instructions on how to apply and sit for the CPA Exam.

Expected or Past Undergrad Graduation Date*

When Do You Plan to Start Studying?