D402
D · Adjustments/Write-offs/Reclassification
To record an allowance for a reduction in exchange revenue due to noncredit losses such as returns, allowances, and price redeterminations when realization is not probable (less likely than not that revenue will be realized.)
Proprietary Proprietary Entry
DebitCredit
510900 Contra Revenue for Goods Sold
520900 Contra Revenue for Services Provided
531500 Contra Revenue for Dividend Income Accounted for Under the Provisions of the Federal Credit Reform Act
531700 Contra Revenue for Interest Revenue - Loans Receivable
531800 Contra Revenue for Interest Revenue - Investments
531900 Contra Revenue for Interest Revenue - Other
532900 Contra Revenue for Administrative Fees
540900 Contra Revenue for Funded Benefit Program Revenue
550900 Contra Revenue for Insurance and Guarantee Premium Revenue
560900 Contra Revenue for Donations - Financial Resources
561900 Contra Donated Revenue - Nonfinancial Resources
564900 Contra Forfeiture Revenue - Cash and Cash Equivalents
565900 Contra Forfeiture Revenue - Forfeitures of Property
583000 Contra Revenue for Taxes - Not Otherwise Classified
583100 Contra Revenue for Taxes - Individual
583200 Contra Revenue for Taxes - Corporate
583300 Contra Revenue for Taxes - Unemployment
583400 Contra Revenue for Taxes - Excise
583500 Contra Revenue for Taxes - Estate and Gift
583600 Contra Revenue for Taxes - Customs
590900 Contra Revenue for Other Revenue
593900 Contra Revenue for Lessor Lease Revenue