Allowance For Doubtful Accounts from A to Z.

In this session, I will explain the allowance doubtful accounts using both balance sheet and income statement approach.
✔️Accounting students and CPA Exam candidates, check my website for additional resources: farhatlectures...
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[@oscarsantacruz3148]

great explanation, you did 10 times better than my professor I did understand easily!!!. Fortunately, I realized that accounting sucks I will never take it again

[@user-rw2bw7hn8v]

Jazakallah, it's an amazing video you're the best teacher..

[@AccountingLectures]

Thank you! 😃Thank you and please visit the website for more farhatlectures.com/

[@Albert-if2ge]

Wow what great timing! I just started this module in becker and searched your name for help and this was the first result

[@AccountingLectures]

Please use my FAR Becker supplemental course to accompany your Becker CPA review course: farhatlectures.pathwright.com/library/intermediate-accounting-ii-copy/about/

[@antonmursid3505]

Antonmursid🙏🙏🙏🙏🙏✌🇲🇨🇲🇨🇲🇨🇲🇨🇲🇨🙏✌👌💝

[@IlxEliteJay]

BEST TEACHER EVER!!

[@AccountingLectures]

Thank you, Jay, and please visit the website for more farhatlectures.com/

[@shabchique7149]

Best video on the topic! Thanks so much!

[@AccountingLectures]

Thank you and please visit the website for more
farhatlectures.com/

[@Driving4bangers]

I appreciate u

[@AccountingLectures]

Thank you and please visit the website for more farhatlectures.com/ Start your free trial!

[@SNC515]

5:15
on % of sales, why you did not take out the sales return from sales revenue before multiply it by 5%?
would it be more correct to to know the Bad debt Expense from the "Net Sales"?
(1,500,000 - 100,000)* 0.05=70000

[@romanempire520]

One question sir
If suppose we created allowance for 5000 in yr 1 in yr2 the actual bad debts is 6000 then the journal entry will be
BD a/c debit 1000
To allowance credit 1000
And second journal entry is
Allowance debit 6000
To A/R 6000
Is my understanding correct?

[@wwjd526]

Thanks for this

[@AccountingLectures]

Please take a look at my website: farhatlectures.com/ then choose your course.

[@UNIQUEONE-eb8zs]

LOVE YOU!!!!!!!!!!!!!!!!!! HUGS AND KISSES I UNDERSTAND YOUR INFO WITH THE EXAMPLES

[@isaiasxflores]

So when we bad debt expense under the allowance method, is that expense impacting our income statement for that period?

[@sadiqsafin4465]

Thanks you so much

[@AccountingLectures]

Thank you and please visit the website for more farhatlectures.com/

[@sulaimanobeidat8601]

Love it

[@AccountingLectures]

Thank you and please visit the website for more farhatlectures.com/

[@jessepantoja5359]

Do you reverse the bad debt expense if not used by year end (12/31/xx)?

[@MJBaro]

Thanks Farhat, is ADA debit or credit account? What increases ADA credit right?

[@AccountingLectures]

Contra asset. Credit balance. Please check my website for more resources:✅ farhatlectures.com/

[@neamuladnaan4050]

what is the effect on financial position if allowance for doubtful is decrease from trail balance account??

[@raccoon874]

*that automatic closed caption / scrolling text is a terribly distracting idea*