In this lesson, you will learn how to calculate and record bad debts, provision for bad debts, and how to adjust the provision for bad debts using the balance sheet and income statement methods. You will also learn how to record the allowance for bad debts in the balance sheet using the 2 methods. We also look at the direct write-off method of bad debts why we create an allowance.
Bad Debts & Allowance For Doubtful Accounts (Provision for bad debts) In Financial Statements: https://youtu.be/_cXbTUxIgWk
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Thank you that was very clear and useful
Thanks sir , why some people say that the provision of doubtful debt is as a liability??
Thank you sir your lecture is really useful for me thanks …??
Thank you Sir.
This is the best explaination so far. My teacher couldn't even clear it in one hour lecture but you did in 14 mins
This is so helpful, thank you!
Thanks for this –
Thanks sir.. for made me understand simply
Thank you that was well explained! although I did have a hard time with the accent since my english is different here in Phil, but you explained it really well and fast without confusing me. Thank you that was really appreciated.
is the bad debt contar with Allowance for doubtful debts or doubtful debts?
debit doubtful debts credit allowance for doubtful debts?
Well Explain
Thankyou Mr for this video. Now I have a fair idea about the doubtful debt and Bad debt by your explanation…