Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Mar. 31, 2019

Notes to Financial Statements

SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS

FRIEDMAN INDUSTRIES, INCORPORATED

Column A	Column B		Column C				Column D		Column E
			Additions
Description	Balance at Beginning of Period		Charged to Costs and Expenses		Charged to Other Accounts — Describe(A)		Deductions — Describe(B)		Balance at End of Period
Year ended March 31, 2019 Allowance for doubtful accounts receivable and cash discounts (deducted from related asset account)	$	21,052	$	—	$	765,732	$	757,606	$	29,178
Year ended March 31, 2018 Allowance for doubtful accounts receivable and cash discounts (deducted from related asset account)	$	27,276	$	—	$	425,140	$	431,364	$	21,052

(A) Allowance for doubtful accounts charged to bad debt expense of $15,673 and $0 during fiscal years 2019 and 2018, respectively. Cash discounts allowed on sales and charged against revenue of $750,059 and $425,140 during fiscal years 2019 and 2018, respectively.

(B) Accounts receivable written off of $7,547 and $1,224 and cash discounts taken on sales of $750,059 and $430,140 during fiscal years 2019 and 2018, respectively.