Bad debt Expense Allowance method Bad Debt | Financial Accounting Course | CPA Exam FAR ch 7 p 3
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- čas přidán 30. 07. 2024
- IN this video, I discuss bad debt expense. A bad debt expense is recognized when a receivable is no longer collectible because a customer is unable to fulfill their obligation to pay. A bad debt expense is a financial transaction that you record in your books to account for any bad debts your business has given up on collecting.
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I'd like to clarify something.
Is the adjustment of Allowance for Doubtful Accounts, for instance, $2070 at 24:23 the bad debt expense?
Also, if the balance of Allowance for Doubtful Accounts is debit $200, using the same example from 24:23, with the ending balance of Allowance for Doubtful Accounts still being $2270; would it result in the adjustment being $2470, which also means the bad debt expense is $2470?
Ily
This video's audio is mono.
please try this solution: www.google.com/search?q=change+youtube+voice+in+earphone+to+mono&oq=change+youtube+voice+in+earphone+to+mono&aqs=chrome..69i57j33i160.14900j0j4&sourceid=chrome&ie=UTF-8#kpvalbx=_TK23Yc_sIvSJjLsP2NCF-AU17
Hello Professor. I really would like to thank you for all the help you are providing to us students. You are really like an angel.
I was wondering fi you would ever be able to take up teaching ""US Bookkeeping"" sometime in the future. CPA is mostly concentrating on corporate accounting and a lot of us find it difficult when it comes down to Bookkeeping; which is a pre-requisite for employment in any small scale CPA office