Allowance for Loss on Loans Receivable
Definition
This account is used to record the estimated amounts of uncollectible loans receivable. Increase the account by the amount estimated to be uncollectible each accounting period. Decrease the account by the actual amount subsequently written off. This account does not close at year-end.
Year-end: This account does not close at year-end.
Source: Section II ·
p1sec2-acctdef-2026.pdf
Required attributes & legal values
8For each attribute this account reports, these are the only domain values GTAS will accept for this account (Section IV).
Begin/End
BulkFile attribute
B
E
Debit/Credit
BulkFile attribute
D
C
Fed/Nonfed
BulkFile attribute
N
Fund Type
TAS attribute
CF
DF
EC
EG
EM
EP
ER
ES
ET
GA
TR
UG
US
UT
Reporting Type Code
TAS attribute
E
F
U
Financing Account Code
TAS attribute
D
G
N
TAS Status
TAS attribute
U
E
Trans Code
TAS attribute
X
K
N
Transactions
7
C180
To record satisfaction of a loan by surrender of a borrower's title to collateral of commodity.
Debit · Proprietary entry D306 To record a prior-period adjustment that reduces the value of a prior-year asset.
Debit · Proprietary entry D310 To record a prior-period adjustment that increases the value of a prior-year asset.
Credit · Proprietary entry D404 To record the estimated allowance for bad debts related to non-credit-reform receivables.
Credit · Proprietary entry D412 To record the write-off of loans receivable for loans made before fiscal 1992.
Debit · Proprietary entry E508 To record the transfer-out of nonbudgetary or non-federal accounts receivable to other federal entities without reimbursement.
Debit · Proprietary entry E604 To record the transfer-in of nonbudgetary or non-federal accounts receivable from others without reimbursement.
Credit · Proprietary entry
Debit · Proprietary entry D306 To record a prior-period adjustment that reduces the value of a prior-year asset.
Debit · Proprietary entry D310 To record a prior-period adjustment that increases the value of a prior-year asset.
Credit · Proprietary entry D404 To record the estimated allowance for bad debts related to non-credit-reform receivables.
Credit · Proprietary entry D412 To record the write-off of loans receivable for loans made before fiscal 1992.
Debit · Proprietary entry E508 To record the transfer-out of nonbudgetary or non-federal accounts receivable to other federal entities without reimbursement.
Debit · Proprietary entry E604 To record the transfer-in of nonbudgetary or non-federal accounts receivable from others without reimbursement.
Credit · Proprietary entry