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Valuation and Qualifying Accounts
12 Months Ended
Mar. 31, 2012
Valuation and Qualifying Accounts [Abstract]  
VALUATION AND QUALIFYING ACCOUNTS VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS

FRIEDMAN INDUSTRIES, INCORPORATED

 

                                         

Column A

  Column B     Column C     Column D     Column E  

Description

  Balance at
Beginning
of Period
    Additions     Deductions—
Describe(B)
    Balance at
End of  Period
 
    Charged to
Costs and
Expenses
    Charged to
Other Accounts—
Describe(A)
     

Year ended March 31, 2012

Allowance for doubtful accounts receivable and cash discounts (deducted from related asset account)

  $ 37,276     $ 27,120     $ 823,771     $ 850,891     $ 37,276  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Year ended March 31, 2011

Allowance for doubtful accounts receivable and cash discounts (deducted from related asset account)

  $ 37,276     $ 7,867     $ 780,750     $ 788,617     $ 37,276  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

 

(A) Cash discounts allowed on sales and charged against revenue.

 

(B) Accounts receivable written off and cash discounts allowed on sales.