In an effort to teach their children about managing money, parents often start with a weekly allowance. A set amount of money is given out and used for discretionary spending. Guidelines are normally ...

Bad debt expense is the loss from doing business with customers who are later unable to pay for the services or goods they received. The expense is booked to the general ledger once all credit and ...

Steve Schaffer, CEO of the coupon website Offers.com, created a unique allowance system to help teach his three children, ages 10, 12 and 14, about money. He and his wife dole out $5 plus 50 cents per ...