The examples below further explain how a company writes off bad debt and how these accounts impact each other. The discussion also examines the impact of writing off bad debts on the income statement, balance sheet, and statement of changes in financial position.
Prothrombin is a protein in the blood that is required for the blood to clot. It is also called factor II. Blood clots are composed of a combination of blood platelets and a meshwork of the blood clotting protein fibrin. Prothrombin is a blood clotting protein that is needed to form fibrin.
Hemophilia is an inherited bleeding disorder that almost always affects males. A person with hemophilia has low or non-existent levels of blood clotting protein called factor. Coagulation factor is necessary for the clotting mechanism in our bodies to work.There are 13 blood clotting proteins (coagulation factor) along with platelets and fibrin necessary for clotting blood.actor IX deficiency usually only manifests in males. Hemophilia C: This person has low levels of or is missing completely factor 11 (Also called FXI or factor XI deficiency) Hemophilia C is 10 times rarer than type A. Factor XI deficiency is different because it can show up in both males and females.