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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: https://youtu.be/_cXbTUxIgWk

Check out other straight-forward examples on our channel.

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Email: info@counttuts.com
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We share a quick August 2021 Debt Free journey updated and outline why things have slowed down for us! Thank you so much for watching!
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We love, M1 Finance and their easy to use investing platform. Get $50 in cash to invest anywhere when you sign up using my link: https://m1.finance/aRJR4xR_4Bil

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I have a Capital One SavorOne credit card and really like it. You should check them out. If you decide to apply for a card, use this link https://capital.one/30eASuO; if you’re approved, I’ll get a referral bonus.

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Templates:

Download my budget template here! https://docs.google.com/spreadsheets/d/1UZ5RQG8aBWHFlNsnaflK3wqj27he4Iv9CnPBaZXOzuU/edit?usp=sharing

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Video Details:

Music – www.bensound.com/groovyhiphop
Graphics – Vecteezy.com/free-vector/
Presentation Software – Apple Keynote

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Our Top Videos

5 Types of Financial Independence Retire Early https://youtu.be/yuUsTGs57x0

Revealing Our FIRE Number https://youtu.be/wzpnSKyanx4

Order of Investing for FIRE https://youtu.be/F01n1HKkJ1E

Our Plan to Retire in 8 Years https://youtu.be/WScd62Xjh6I
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One of the most common ways that people consolidate debt is through a balance transfer. How does it work?

Read our full article:
https://infoforinvestors.com/credit-cards/guides-credit-cards/credit-card-debt-consolidation/

Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe

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Welcome to The Dave Ramsey Show like you’ve never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave’s producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you’ll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we’ll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!

Put the most valuable business tool to work for you!

The balance sheet is the key to everything–from efficient business operation to accurate assessment of a company’s worth. It’s a critical business resource–but do you know how to read it? How to Read a Balance Sheet breaks down the subject into easy-to-understand components.

If you’re a business owner or manager, this book helps you . . . Manage working capital Generate higher returns on assets Maximize your inventory dollars Evaluate investment opportunities

If you’re an investor, this book helps you . . . Determine the market value of a company’s assets and operations Predict future earnings and trends Assess the impact of capital expenditures Identify potential “red flags” before the crowd

How to Read a Balance Sheet gives you the bottom line of what you need to know about:
Cash Flow * Assets * Debt * Equity * Profit and how it all comes together.

A new vision of the value of debt in the management of individual and family wealth

In this groundbreaking book, author Tom Anderson argues that, despite the reflex aversion most people have to debt—an aversion that is vociferously preached by most personal finance authors—wealthy individuals and families, as well as their financial advisors, have everything to gain and nothing to lose by learning to think holistically about debt.

Anderson explains why, if strategically deployed, debt can be of enormous long-term benefit in the management of individual and family wealth. More importantly, he schools you in time-tested strategies for using debt to steadily build wealth, to generate tax-efficient retirement income, to provide a reliable source of funds in times of crisis and financial setback, and more.

Takes a “strategic debt” approach to personal wealth management, emphasizing the need to appreciate the value of “indebted strengths” and for acquiring the tools needed to take advantage of those strengthsAddresses how to determine your optimal debt ratio, or your debt “sweet spot”A companion website contains a proprietary tool for calculating your own optimal debt ratio, which enables you to develop a personal wealth balance sheet

Offering a bold new vision of debt as a strategic asset in the management of individual and family wealth, The Value of Debt is an important resource for financial advisors, wealthy families, family offices, and professional investors.