Allowance For Doubtful Accounts from A to Z.

[@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

[@GhulamSakina-u2u]

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/

[@accountingpoint3343]

@@AccountingLecturesI need help

[@accountingpoint3343]

In journal entry :
Allowance for doubtful Account dr
Account receivable cr
What’s the effect on accounting equation for above journal entry . Please give the answer. Is the above journal decrease liabilities

[@IlxEliteJay]

BEST TEACHER EVER!!

[@AccountingLectures]

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[@shabchique7149]

Best video on the topic! Thanks so much!

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[@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]

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[@yusrasardarkhan]

Fantastic video, thank you so much.

[@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

[@Driving4bangers]

I appreciate u

[@AccountingLectures]

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[@wwjd526]

Thanks for this

[@AccountingLectures]

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[@UNIQUEONE-eb8zs]

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

[@sadiqsafin4465]

Thanks you so much

[@AccountingLectures]

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[@sulaimanobeidat8601]

Love it

[@AccountingLectures]

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[@isaiasxflores]

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

[@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/

[@jessepantoja5359]

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

[@neamuladnaan4050]

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

[@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?

[@raccoon874]

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