#1 Provision for Doubtful Debts - Bad Debts - By Saheb Academy

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  • Опубликовано: 1 июл 2024
  • Here I have explained the concept of Provision for Doubtful Debts and it's entire accounting treatment from very basics in a simple way.
    After watching this video you will be able to do this adjustment while preparing Financial Statements ( Profit & Loss A/c and Balance Sheet)
    ⏱TIMESTAMPS
    00:00 - Intro
    00:52 - Basic Terms
    04:33 - Concept with Practical Example
    11:10 - Accounting Treatment of Provision
    46:52 - Further Bad Debts Example
    Next : #2 Provision for Doubtful Debts - 5 Problems
    • #2 Provision for Doubt...
    Introduction to Accounting - Basics Concepts
    • Basic Concept of Accou...
    PDF Notes (Telegram)
    t.me/sahebacademy7
    Clear your doubts by direct messaging us on Instagram
    / sahebacademy
    Please Like, Subscribe and Share this video on your social media account.
    #accounting #class11 #cafoundation

Комментарии • 149

  • @aniketthakur8295
    @aniketthakur8295 Год назад +16

    What an Amazing video, The person who will see it will never forgot the concept of Provision for Doubtful Debts 👍

  • @moonomakanze8784
    @moonomakanze8784 9 месяцев назад +8

    I am writing my Bar Exams on Tuesday and i have stumbled upon what i can just call GOLD. PURE LOGICAL explanations.
    Thank you for the good work

  • @srimahalakshmi9025
    @srimahalakshmi9025 Год назад +12

    Thanks a lot. Ur speciality
    # English video
    # clear explanation
    # good writings
    # pdf for last min revision
    # predict students doubts and clarifying.
    Thanks you so much

  • @sankalpkohli2011
    @sankalpkohli2011 11 месяцев назад +7

    superb clarity of concept without even wasting a single minute...it looks like u did PHD on the subject...highest level of quality content from your side...thanks!!

  • @bipashamondal2784
    @bipashamondal2784 6 месяцев назад +7

    Was struggling like anything for this topic since first year and today finally found this gem , thank you so much and please keep making such videos ❤

  • @yoooooohh..-_-7155
    @yoooooohh..-_-7155 Год назад +5

    yes!!yes sir this is what am waiting for long time...
    my teacher told me to explain this...and
    i tell every possible things about accounting sums
    but she still not satisfied cus she need logic reason behind them
    and am confident now thankyou☺
    this helped me a lot... lott!!...

  • @kazama69
    @kazama69 Год назад +3

    Amazing teaching sir... I couldn't understand anything in my school but you cleared all doubts. Thank you so much sir🙏❤️

  • @Copyrightvlogg
    @Copyrightvlogg Год назад +2

    Seriously, you are amazing bro. Now I got whole concept of this toppic. Thanks

  • @Areyvermaji
    @Areyvermaji 28 дней назад +1

    You are the best sir....... I have cracked one interview after watching your videos and hopefully will crack another one in coming days. I wish I had a teacher like you in my school days. Thank you sir 🙏

  • @joshuaenoku7263
    @joshuaenoku7263 Год назад +3

    Fantastic presentation. Thank you Sir

  • @19shivamhadkar48
    @19shivamhadkar48 Год назад +16

    Sir I am a TYBAF student. Whenever I want logical explanation of particular part that I don't understood, I prefer to watch your videos. Your videos are very helpful for clearing some doubts. Sir, I have request to you🙏🏻, can you make videos on International finance subject (practical part)?. Please Sir! If it is possible to you then that subject is very easy for examination.

  • @margarettemaggio3573
    @margarettemaggio3573 9 месяцев назад

    This just made Asset Management make so much sense.. thank you sir.. feel more equipped to do bad debt recovery..

  • @asmashazad9988
    @asmashazad9988 8 месяцев назад +3

    Saheb sir ❤you are amazing. And your voice is super soothing 😍and your efforts are unbeatable 🎉like the way you make small notes on paper is just overwhelming ❤Sir love from Pakistan 🇵🇰

  • @nandinikandoi
    @nandinikandoi Год назад +6

    I have fallen in love with your voice, your fluent English and your fingers... ❤️

  • @mlgseifdabaseh7216
    @mlgseifdabaseh7216 6 месяцев назад

    I am a business manager with engineering background. I was always struggling to understand this topic. He made it easy. Thanks alot.

  • @srimahalakshmi9025
    @srimahalakshmi9025 Год назад

    Thanks a lot to post such extremally helpful video in ENGLISH, becoz nobody was giving support then. My big thanks

  • @dharitribhuyan2229
    @dharitribhuyan2229 Год назад +71

    I fall in love with your voice..

    • @SahebAcademy
      @SahebAcademy  Год назад +76

      I want you to fall in love with my teaching 😄

    • @dharitribhuyan2229
      @dharitribhuyan2229 Год назад +14

      Thnk u fr yr rply..I m watching yr Reconciliation vedio.. Yr teaching style is also very nice,

    • @fareedkhan2664
      @fareedkhan2664 Год назад

      @@SahebAcademy sir how we know that there is increase or decrease in provison for doubtful debt in trail balance which we have to record in income statement . Please reply me thanks

    • @emisownworld
      @emisownworld Год назад +1

      @@SahebAcademy 😂😂😂😂

    • @pavithraravi2744
      @pavithraravi2744 Год назад

      @@SahebAcademy sir how did u learn everything with so much clarity and shortcuts 😍

  • @Rifazmohamed
    @Rifazmohamed Год назад +1

    Fantastic explanation, Thank you sir!
    From Sri Lanka

  • @amebarikharshandy3587
    @amebarikharshandy3587 7 месяцев назад

    Wow, seriously just amazing teaching 👏

  • @rajaasad8962
    @rajaasad8962 16 дней назад

    You are great teacher and mentor respect from Pakistan sir.

  • @BandaJosphat
    @BandaJosphat Месяц назад

    You're the best sir I was usually failed when it comes to prepare trading profit and loss account under additional information

  • @srisri8596
    @srisri8596 11 месяцев назад

    Oh my God.. What a teacher!! ❤

  • @shripadbabrekar3023
    @shripadbabrekar3023 7 месяцев назад

    Thank you sir, you have singlehandedly cleared of all my doubts

  • @mansoorsalim3745
    @mansoorsalim3745 7 месяцев назад +1

    Very clear and perfect voice and classes sir. Thanks

  • @ripibasar4746
    @ripibasar4746 Год назад +2

    Thanking you so muchhhh Sir, was looking for this adjustment from a long time, finally found it, with the best explanation.

    • @ripibasar4746
      @ripibasar4746 Год назад

      Sir, could you please clear my doubt, why the new provision for doubtful debts, did not record in the Debtor a/c, along with the further b. debts?? N then the new provision also reducing the debtor amt. (If it need to record than sir wht will be the J/E?? Plzz sir reply me back.

  • @jenniferwood7768
    @jenniferwood7768 Год назад

    Thank you very much this video was incredibly helpful!

  • @kothamasuchinmayi442
    @kothamasuchinmayi442 7 месяцев назад

    THANK U SIR ......THIS VIDEO IS AMAZING FOR UNDERSTANDING DEBTORS ADJUSTMENTS

  • @MusicLoverI
    @MusicLoverI Год назад

    Sir, Thank your for making this informative vedio.
    Thank you again. 😊

  • @benikhadka768
    @benikhadka768 Год назад +5

    14:28
    25:32
    27:00
    29:11
    44:15
    46:25 2nd yr, case ii further bad debt after preparation of Trial blc
    47:29
    54:02

  • @ShrutiGupta-1010
    @ShrutiGupta-1010 7 месяцев назад +1

    Awesome lecture.🎉 thanku sir 😊

  • @prettyleaves
    @prettyleaves 3 месяца назад

    I have a better conceptual clarity now. Really nice of you to take the efforts 🙏

  • @prettyleaves
    @prettyleaves 3 месяца назад

    What a useful explanation! You're doing a noble work 💙

  • @sudeepkumar.l8055
    @sudeepkumar.l8055 Год назад

    Hats off to your teaching. 😇😘

  • @dhaneeshsrr
    @dhaneeshsrr 3 месяца назад

    Awesome tutorial video on bad debts!!

  • @netikuppalausha4666
    @netikuppalausha4666 Год назад

    It's amazing explanation sir...loved it...

  • @wanharnaz1265
    @wanharnaz1265 Год назад

    Thanks so much for wonderful video...

  • @chloehoyunyee8707
    @chloehoyunyee8707 11 месяцев назад

    Thank you so much teacher i have know what it is about already ❤️

  • @asesticavibe
    @asesticavibe Год назад

    The way you teach ,❤️

  • @rajasekharreddy5249
    @rajasekharreddy5249 Год назад +1

    Thanks sir for making video on my request

  • @nileshgupta6100
    @nileshgupta6100 Год назад

    Great Content! Thanks. 1 query. Sorry If I missed something.
    In the first year when you recorded provision, the second effect of income statement, where did it go in second year? The Bad debts ac only shows current year’s 4k

  • @user-gq7zd8ii5r
    @user-gq7zd8ii5r 3 месяца назад

    I enjoy this video and it really helps me.

  • @NbagnaIsaiahmaban
    @NbagnaIsaiahmaban Месяц назад

    That is wonderful 👏👏👏🤝

  • @khanmdimran5709
    @khanmdimran5709 Год назад

    Great sir. Love from Bangladesh

  • @rajav9448
    @rajav9448 8 месяцев назад

    You are really projecting to me as god ❤

  • @shootergaming9459
    @shootergaming9459 10 месяцев назад +2

    Thank you sir for fantastic lecture.

  • @rintovarghese3648
    @rintovarghese3648 4 месяца назад

    Very good explanation..plz do more videos

  • @himanjain4354
    @himanjain4354 8 месяцев назад

    So helpful videos sir 🙏🙏

  • @prajwal7190
    @prajwal7190 Год назад +1

    Bhai tere videos dekh ke mera 2 semister paas hua hai . ❤️

  • @Sanjab36
    @Sanjab36 2 месяца назад

    Best teacher ever!❤

  • @kishathshaliny1888
    @kishathshaliny1888 Год назад

    sir what an explanation thank you so much sir u helped me lot for my final exam and you keep my fear out thanks a lot sir f]god bless you sir for your services

  • @reddaiahreddy1853
    @reddaiahreddy1853 7 месяцев назад

    very good teaching and your intrest to give knowledge is not valuate

  • @nalini1416
    @nalini1416 8 дней назад

    Hope am gng to crack my interview, well explained

  • @saa172
    @saa172 2 дня назад

    Thank you for the clarification 🌸

  • @saanvigupta7859
    @saanvigupta7859 10 месяцев назад

    U r just too good🎉

  • @prettyleaves
    @prettyleaves 3 месяца назад

    56:33 One doubt
    Will the provision for doubtful debts which is debited to Profit and loss account (9400) be shown at the same amount in the next year? Or will the new provision (5400) only be shown next year?

  • @punnipallisailaja2086
    @punnipallisailaja2086 24 дня назад

    Nice explanation

  • @mosesnjobo1651
    @mosesnjobo1651 2 месяца назад

    Hie Sir. So on the statement of financial position the amount to be shown as receivables amount is after deducting the allowance for doubtful debts

  • @meronia14
    @meronia14 7 месяцев назад

    Nice explanation 👏

  • @Pandiyaraj01
    @Pandiyaraj01 Год назад

    May god bless you brother -)

  • @user-cz9ld1xv2t
    @user-cz9ld1xv2t 7 месяцев назад

    I've a doubt that if we want to increase provision so should we write it in credit side and when there will be a decrease in profit so should we write it under debit side . Will always provision and profit will've credit balance as u have said in the video

  • @SaurabhKumar-qd6kl
    @SaurabhKumar-qd6kl Год назад

    explanation 🔥🔥

  • @user-mm2vt1ct5s
    @user-mm2vt1ct5s Год назад

    Hi Sir, What is treatment when PDD provided in 1st year, there are no Bad debts occurred in 2nd year and had carried forwarded PDD to 3rd year and management has anticipated no future loss against Debtors at the end of 3 year end for future? Pls explain. thank in advance.

  • @JemimahDaniels-im1wv
    @JemimahDaniels-im1wv Месяц назад

    Thankyou sir really helpful, my exam is in 3hrs😊

  • @yoshinid2085
    @yoshinid2085 Год назад +1

    Can you make a video on bill of exchange ...please

  • @HENKELKPAJAL-hl8yd
    @HENKELKPAJAL-hl8yd Год назад

    It is easy understandable

  • @onepiece-wl5zb
    @onepiece-wl5zb 5 месяцев назад

    Thankssss i really needs this for final exam😭❤️

  • @imranqureshi-se2ml
    @imranqureshi-se2ml Год назад

    How can we pass the journal entry i.e P&l ac dr
    To prov for doubtful debts when Journal is prepared before p&l account , things are in order like journal entry> ledger> tb> p&l

  • @Shiva-ds3yk
    @Shiva-ds3yk Год назад +1

    Sir please make video on provision for taxation

  • @ayushagarwal5854
    @ayushagarwal5854 Год назад +1

    Sir I'm studying in bcu im weak in accounts so i wanted to ask for help do you take tutions

  • @vigneshs8853
    @vigneshs8853 Год назад

    Hello sir old provision itself a loss to a company and in next year we got new bad debts and new provision also so it should be added to old provision right? But are we deducting it from old provision as if it is a reserve profit we have😢

  • @anousheykhan1747
    @anousheykhan1747 Год назад

    Hello Sir, Can you teach online privately subjects are FM9 and Financial Reporting?

  • @naveenkumar-lv4wm
    @naveenkumar-lv4wm Год назад

    please do videos on TDS,GST,ESI& PF

  • @sulaimankhan6398
    @sulaimankhan6398 Год назад

    Sir Please make video on financial Statements also

  • @trex4561
    @trex4561 Год назад +1

    ..cost of capital or capital budgeting...sir plzz . .sir please ..

  • @martinnjonnes2954
    @martinnjonnes2954 Год назад

    Hello. What happens when you are not given the old provision in the trial balance? The question I have says "5% of account receivables is to be maintained" the bad debt in the trial balance is 940. Kindly help.

  • @akashjabastin.m5124
    @akashjabastin.m5124 Год назад +1

    Thank you sir

  • @femidakumari4468
    @femidakumari4468 Год назад

    Please make a video on overhead chaptet

  • @himanjain4354
    @himanjain4354 2 месяца назад

    This is supperrr❤

  • @sofiliz943
    @sofiliz943 5 месяцев назад

    Thank you so much for the
    Even if i fail the only reason i get something damn on the damn paper will be because of you
    Hopefully i passs tomorrow ots currently 3:40 in the morning and i have to wake up T 8 and my mobile's at 9% battery

  • @nqobilevuyas3689
    @nqobilevuyas3689 Год назад

    Hey sir
    Can you please make a video based on membership fees, trading account acc ect. based on NGOs

  • @babithp6859
    @babithp6859 Год назад

    Super video

  • @RajeshwariP-wi3lu
    @RajeshwariP-wi3lu 7 месяцев назад

    Sir reserve for bad and doubtful debts which side in profit and loss account sir

  • @yogeshjain6149
    @yogeshjain6149 6 месяцев назад

    Bhaiya you are great

  • @JN-wd2xw
    @JN-wd2xw Год назад

    Did the bookkeeper over-record the expense? Was the expense already recognized in the previous year? Is that why you reversed it? 27:30

  • @allenquiambao4316
    @allenquiambao4316 Год назад

    where did the P/L account exactly come from? can someone explain it to me? thankyou

  • @rupamchowdhury6079
    @rupamchowdhury6079 Год назад

    Sir why should we not record the provision as a liability instead of deducting it from the debtor in Balance sheet

  • @maktaj9875
    @maktaj9875 Год назад

    Please make video on company account of class 12 ( issue of share) please 🙏

  • @user-ir6bh3sg1p
    @user-ir6bh3sg1p Год назад

    super sir

  • @agshin10
    @agshin10 Год назад

    is it for IFRS or GAAP?

  • @bhoomikagowda3291
    @bhoomikagowda3291 8 месяцев назад

    Please upload videos on final account for ca foundation

  • @allaboutpubg910
    @allaboutpubg910 Год назад

    Amazing explanation???? I'm from Pakistan sir make a video on appropriation account in partnership chepter

  • @deenasriram
    @deenasriram Год назад +1

    Could you please clarify this thing which is mentioned below..
    Provision for doubtful debt is shown on the credit side of trail balance and it's also given in adjustments that maintain 5% of POD on debtors...How to record these in P&L and Balance sheet?

    • @SahebAcademy
      @SahebAcademy  Год назад

      Send the question through Instagram

    • @deenasriram
      @deenasriram Год назад

      @@SahebAcademy yup will send now

    • @deenasriram
      @deenasriram Год назад

      @@SahebAcademy yeah i have sent it..It would be very great if u clarify this....

  • @tasneem8093
    @tasneem8093 Год назад

    sir aapne polio vaccine liya ya vote kiya tha??

  • @yellaiahyellaiah2750
    @yellaiahyellaiah2750 Год назад

    In first year we record pdd in trial balance

  • @preetysharma1296
    @preetysharma1296 Год назад

    Plzzzz sir... Dissolution of firm... Plzzzzzzzzz

  • @yellaiahyellaiah2750
    @yellaiahyellaiah2750 Год назад

    Why we debit profit and loss account?

  • @SNM1221
    @SNM1221 Год назад

    Sir please do class for NBFC for inter

  • @aishwariyas5320
    @aishwariyas5320 Год назад

    Sir if Provision for discount on debt and provision for doubts full debt is also given in trial Bal and in the adj new provision for discount on debtors and new provision for doubts full is need to create .
    In that time wt will be the treatment in debtors Leger ?

    • @SahebAcademy
      @SahebAcademy  Год назад +1

      Provision for Discount - Concept & Problems - By Saheb Academy
      ruclips.net/video/rzTA6ReCORI/видео.html

  • @rajujp6453
    @rajujp6453 Месяц назад

    Hello sir
    I love the way u thought at 5th sem now I am 6th sem but I m not finding the 6th sem B com computer's. Cost control and management accounting sir can u upload the videos of 6th sem

  • @hoseanalianya8896
    @hoseanalianya8896 Год назад

    Why anew provision is carried down on debit side