Youtor
ACCOUNTING FOR BAD DEBTS WITH EXAMPLES Intermediate Accounting Chapter 7
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=JbQq-SstvpM
1. Allowance Method: 2 Ways to Estimate • FASB required method for financial statements • A. Percent of Sales - income statement approach • Calculation gives the Bad Debt Expense • B. Percent of AR - balance sheet approach • Calculation gives the allowance balance • 2. Direct Write-Off Method • IRS required method • • Finally Learn • https://finallylearn.com • Subscribe to Finally Learn • / @finallylearn • • #baddebts #allowancemethod
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