This section is from the book "Real Estate Accounts", by Walter Mucklow. Also available from Amazon: Real Estate Accounts.
This account also should be accompanied by a schedule similar to that mentioned above. Each item should be examined, and if any one appears to be of doubtful value, it should be written off to Profit and Loss or to a "Suspense" account. In the instance given, notes aggregating $75 were, after consultation with the officers of the company, treated as worthless.
 
Continue to: