Bad Debt & Allowance for Bad Debts | Direct Write-Off, Balance Sheet & Income Statement Method

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: • Bad Debts & Allowance ...
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Thank you that was very clear and useful

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This is the best explaination so far. My teacher couldn't even clear it in one hour lecture but you did in 14 mins

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This is so helpful, thank you!

[@b.c.2836]

The visual is EXCELLENT, Thank you. Got so much out of this video than reading the text book :)

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[@CiliaJones]

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[@chakrobaak9064]

Thank you Sir.

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[@charissmonera8131]

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.

[@hirasens7906]

Can you please explain this to me!!!

[@bekelebeyene215]

really well explanation

[@banedickzetro3733]

Thankyou Mr for this video. Now I have a fair idea about the doubtful debt and Bad debt by your explanation...

[@Counttuts]

You are welcome, Glad it helped.

[@danielm.bangura4200]

Well Explain

[@sumankhadka9781]

what will be the journal entry for old bad debt s and further bad debts.

[@MarthaIndongo-el9zz]

Am really benefiting in your lesson don't u hv some for cost andmanagement accounting

[@ahmedal-khadouri2354]

Thanks sir , why some people say that the provision of doubtful debt is as a liability??

[@michaelwilson8932]

Because it is

[@masoomazohal833]

is the bad debt contar with Allowance for doubtful debts or doubtful debts?
debit doubtful debts credit allowance for doubtful debts?

[@guidancetips]

Masooma zohal doubtful debts (debit )and allowance for doubtful debts (credit ) entry is passed when actual debts are incurred and then this loss due to bad debt(actual incurred) is offset again allowance for doubtful debts which is amount set aside to cover the expected losses.

[@lostchee-lj7ie]

thanks