Impairment Losses on Current Assets: debit or credit?
Impairment Losses on Current Assets increases on the debit side and decreases on the credit side: its normal balance is a debit.
Expenses reduce equity through the costs of running the business. They increase with a debit.
Name in each convention
Account names and codes follow each convention; an account that does not exist in a convention is not offered there.
| Convention | Account |
|---|---|
| United States (US textbooks) | — |
| Spain (PGC 2007) | 694 Pérdidas por deterioro de créditos por operaciones comerciales |
| France (PCG 2025) | 6817 Dotations pour dépréciations des actifs circulants |
| Germany (generic accounts) | — |