Panache Beverage, Inc. - FORM 10-Q/A - XML - IDEA: XBRL DOCUMENT - September 25, 2012

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10-Q/A - Panache Beverage, Inc.panache10qa.htm
v2.4.0.6
NOTE 2 - ACCOUNTS RECEIVABLE
 3 Months Ended
Mar. 31, 2012
Accounting Policies [Abstract]  
NOTE 2 - ACCOUNTS RECEIVABLE

NOTE 2 - ACCOUNTS RECEIVABLE

 

The Company grants customers standard credit terms as governed by the terms specified in the contracts. Our major customers receive payment credit terms that range between 60 and 65 days.

 

The Company evaluates the need of an allowance for doubtful accounts based on specifically identified amounts that management believes to be uncollectible. If actual collections experience changes, revisions to the allowance may be required. Based on management review of outstanding balances, no allowance for doubtful accounts was recorded as of March 31, 2012 and 2011.

 

Bad debt expense was $0 and $2,026 for the three months ended March 31, 2012 and 2011.

 

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