'Doubtful debts' presentation slideshows

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Topic 6

Topic 6. Accounting for Accounts Receivable. Learning Objectives. Define the term accounts receivable. Understand why the firms sell on credit. Define the term bad debts. Understand how bad debts arise. Define the term doubtful debts.

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Topic 5

Topic 5. Balance day adjustments. Learning outcomes. After studying this topic, you should be in a position to: Describe various types of non cash adjustments Compute depreciation charge for the period Compute amortization charge Compute gain or loss on disposal of equipments

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Bad debts

Bad debts. Bad debts When a business sells to a customer on credit it takes a business risk that the customer might not pay the amount owed. A business might have to write off the debt as a bad debt. Bad debts are an expense and will reduce the profit of the business.

801 views • 20 slides

Bad debts

Bad debts. Bad debts When a business sells to a customer on credit it takes a business risk that the customer might not pay the amount owed. A business might have to write off the debt as a bad debt. Bad debts are an expense and will reduce the profit of the business.

226 views • 20 slides

Accounting for Debtors (Accounts Receivable)

Accounting for Debtors (Accounts Receivable). Credit control Estimating bad debts Provision for doubtful debts Writing off Bad debts. What are receivables?. Receivables (Debtors) Amounts due to firm from other businesses or persons

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By the end of this chapter you should know: the three types of inventory

Chapter 8 Current assets: valuation of inventory, bad debts and bank reconciliations Learning summary. By the end of this chapter you should know: the three types of inventory that inventory is valued at the lower of cost and net realisable value

203 views • 7 slides