IRRECOVERABLE DEBTS AND ALLOWANCES (BAD DEBTS AND PROVISIONS) - PART 1

This video explains the concepts of Irrecoverable debts, Provisions for Doubtful debts as well as how to make double entries for them.

[@mohamedsesay1639]

I'm Mohamed ALHAJI Sesay from Sierra Leone." I apprentice you so much Sir. Thank you very very much. May God Almighty continue to guide and protect you Sir.

[@MichaelAgage-jf1dp]

Thank you very much

[@coachmary1715]

❤

[@yayonetwork1569]

Good job you are doing ,I wished you could had also done an episode on short term investments

[@yusufabdirahmanjama8720]

An other amazing lesson thanks

[@priscillayoung8312]

Great work, Please do the video on the part 3 🙏🏼

[@giftzulu498]

great i loved it youre a good teacher

[@batambuzestephen8243]

Hi Dr Felix
As you have explained in the introduction, the word debtors is being dropped from use in the accounting statements and is replaced by Receivables. Does that mean that the Debtor's account is also likely to be changed to a Receivables account? Or these are two different and separate accounts.
Stephen

[@samuelallotey2549]

Your explanations are very helpful, thank you very much

[@benquaye9469]

please the other income of 25 where there is a decrease in the prov for doubtful. how is treated on the income statement. do you add it to gross profit when calculating for the net profit

[@TemakhonkosiNhalungo]

This was very informative 😊❤thank you sir

[@kidsplay4002]

Your so easy to understand thank you for your easy explanations has part 3 been uploaded by any chance ?

[@euniceadinyah2163]

Thanks so much. Very easy to understand😃

[@kumjoseph4531]

Which of the balance of the debtors figure do we calculate provision for bad debt on. Opening or closing

[@user-pl7df7wi5x]

Hi sir I really want appreciate your hard work to help students understand thank you very much God reachly bless you

[@seneiyalesame]

What if the provision for doubtful debts remains constant through the years? How will it be treated in the P&L account?

[@fahadmohammed3199]

Thanks for your service to humanity sir 🙏🙏. Please you haven’t done a video on amalgamation of partnership.
And then change in partnership when there’s a death of a partner or withdrawal of a partner.

[@DorisMusoka]

This was very helpful
Thank you very much Sir 🙏

[@MokalaColumbusAyong-gw1cr]

Thank you very much: your lesson very easy to understand.

[@jeffreykent5610]

Where do we find Part 3 of this topic, its not uploaded anywhere here.

[@RSH592]

Great Work!

[@thaboncube7040]

Great explaination thankyou

[@HerriethMohale]

In case whereby we are not given a percentage, how do we deal with it

[@manassehleonard2879]

Thank you for the lecture

[@letslearnburmeselanguage5110]

dear sir, our teacher said that you could not assume allowance for doubtful debt as an expense. It can reduce our trade receivable, so it is debit.

[@EbrimaSowe-vz8gc]

Thank you sir well understand

[@peaceudoh3836]

Could it be called provision for bad and doubtful debt?

[@khadijahjarju9836]

Thanks you so much sir 🙏

[@user-fy4xz8oh4g]

hi sir this lesson was really helpful but can you please take us through in the adjustments in accounts mostly on the premium ones as well as the calculations please

[@obasinasome7702]

Much love

[@thetngonephue1608]

SO GOOD SIR

[@harrisonjervis5819]

With all due respect sir, my main question is, for preparing an income statement, why do we take the increase/decrease amount of provision for doubtful debts for an expense/income but why not take the whole amount that is present for that year. Wouldn't the whole amount be the actual expense for that year? i am very confused with this. I would highly appreciate it if you could reply me.

[@kiizayona351]

Thank you, Mr. Felix, for the elaborate breakdown of bad debts and provision for doubtful Debts.👋

[@AmazingLightVincentEjiro]

God bless you sir

[@remikavishe5012]

Thanks sir for a nice period! May you please help us on how to open joint venture account

[@abubakarmusayerimaru9879]

Thank you so much sir. You have contributed immencely to my academic life. Today I watched your videos on end of year adjustment but one problem militated against my ability to apply the knowledge till I watched this video. The problem is I don't know the second treatment for an additional bad debt but you have vividly explained it here. Once again thank you tremendously.

[@abdulailaptobangura9403]

Hi sir
I'm Abdulai Bangura from Sierra Leone
Can u plz help me with " Redemption of Debentures through Sinking Fund ( Companies )

[@fynnkwesiegyir]

I need part 2

[@IsaacAnkugah-bg6os]

Sir please I'm waiting for the part 3 of this video. Pls📝📝

[@bernadettedoh9445]

Thank you very much sir, please I didn't quite get where the 1000 debited in the debtors account came about.

[@mosesjoshuakoroma8067]

may God continue to bless you sir.

[@obasinasome7702]

❤

[@zunaidkanema3319]

Are you an accountant coz am amazed

[@yuhwamsilas6149]

Thanks for explanation you're too much.

[@jujudossantos8450]

What are net received

[@richmiluv3710]

I think u didn’t really follow the lectures well, he made mention of that bro so go watch it again for better understanding. Thank You

[@paddy2797]

Why use dollars instead of cedis please

[@SchoolAccount-kw7tw]

15:51 notes for self

[@Pwittipearl]

Provisions

[@hillsongcovers2173]

Could it be also called Provision for Bad and Doubtful Debts?

[@chiomaike4844]

Please sir, I really need you to do Published accounts cos I'm really finding it difficult to understand from other tutors. I have exam in like a month's time.

[@FOGAccountancyTutorials]

Alright... I’ll do that

[@dorothyds1057]

@@FOGAccountancyTutorials sir please can I have your WhatsApp contact please

[@BrianNortey]

What u are teaching is not like that

[@maryakorli9971]

Please provide your source