Income statement with adjustments | The Provision for Bad Debts | Principles of Accounts | CSEC PoA
Автор: adapttuition
Загружено: 2019-10-08
Просмотров: 59421
This video shows how to calculate the figure for the provision for bad debts that goes in the income statement in three scenarios:
The creation of the provision
An increase in the provision
A decrease in the provision
This is the second video in a series on how to prepare income statements with adjustments.
To see the previous video where I show to adjust the income statement figures for accrued and prepaid revenues and expenses check this video out:
• Income statements with adjustments | Accru...
To see how to prepare the trading section of an income statement check out this video: • Income statements | How to prepare a Tradi...
To see how to deal with the provision for bad debts t-account check out this video: • CSEC PoA | The Provision for Bad Debts | T...
To see how to prepare t-accounts for expenses and revenues then check out these videos:
Expenses - • CSEC PoA | Expense accounts | How to prepa...
Revenues - • CSEC PoA | Revenue accounts | How to prepa...
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