[Method] Videos
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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DISCLAIMER:
I am NOT a financial expert, accountant, or anything of the sort. I am in no way qualified or certified to give financial advice. However, I am here to share my love of planning and also share what my family is doing to get out of debt and be better with money. If you are looking for financial advice, I would recommend seeking advice from an expert.
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Hey everyone! Today’s video is a little bit of a debt update where I share my feelings about having so much debt hanging over our heads as well as how I have been budgeting in hopes of eliminating this debt for good.
My first debt video: https://youtu.be/i5tZHyvTv_8
Aja Dang’s video: https://youtu.be/Yvd0JwZj2hA
Jordan page budgeting video: https://youtu.be/VCr-54OH7IY
Hi! My name is Alyssa and I’m a new grad registered nurse. I passed the NCLEX in December and have started my first nursing job.
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Hi! This is our updated debt payoff plan for April, we are still trying to figure everything out but we are still on track to paying off our credit card debt by the end of this year!
Current Credit Card Debt: $8,959.60
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