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About ACCY901 Accounting Foundations For Professionals: Topic 5 Receivables
This document provides an overview of accounting for receivables. It discusses the different types of receivables such as accounts receivable, notes receivable, and other receivables. It then covers how to record and report receivables, including examples. The document also discusses estimating and accounting for bad debts using the direct write-off and allowance methods. It provides examples of aging accounts receivable to estimate bad debts and journal entries for adjusting the allowance account. Finally, it covers writing off and recovering bad debts.
Detailed Information
Author: | ['venkatachalam radhakrishnan'] |
---|---|
Publication Year: | 2021 |
Pages: | 30 |
Language: | English |
Format: | |
Price: | FREE |
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