'Video thumbnail for Bad Debts & Allowance for Doubtful Accounts | Accounting How To | How to Pass Accounting Class'

Bad Debts & Allowance for Doubtful Accounts | Accounting How To | How to Pass Accounting Class

visibility 5K views calendar_month Oct 4, 2022

Bad Debts & Allowance for Doubtful Accounts | Accounting How To is an accounting tutorial explaining how bad debts are accounted for. It explains the direct write off method and the allowance method including the percentage of sales method and the analysis of receivables method. FREE RESOURCE! Get The Ultimate Accounting Student Guide to Allowance for Doubtful Accounts Download the free multi-media pdf here: https://accountinghowto.com/allowance-for-doubtful-accounts-accounting-student-guide/ This is an accounting tutorial for accounting students, business owners, and bookkeepers to explain accounting basics for beginners. Featuring Terrance the T-Account Rex and accounting educator, Caroline Grimm, this accounting tutorial is part of two playlist series: How to Pass Accounting Class and Accounting Basics for Business Owners. ⏰ Accounting How To Time Stamps: 00:00 Introduction to Bad Debts 00:54 What are Terms? 2:0 Direct Write Off Method 02:18 Types of Contra Accounts 03:52 Matching Principle Revisited 04:25 Introduction to the Allowance Method 04:56 Bad Debt Expense and Allowance for Doubtful (Uncollectible) Accounts 06:49 Journal Entry for Bad Debts using Allowance for Doubtful Accounts 07:44 How to Determine Amount of Estimate

sell
#Accounting & Auditing
  # Billing & Invoicing
  # Bookkeeping
  # Business Finance
  # Credit & Lending
  # Debt Collection & Repossession
  # Debt Management
  # Distance Learning
  # Education
  # Financial Planning & Management
  # Insurance