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Cancellazioni e Recuperi

  • Note di Apprendimento
  • Revisione degli argomenti
    Daniel O.
    UG
    Daniel O.

    Write-offs refers to bad debts that the business fails to recover ending up writing them off the books of accounts while recoveries are the debts that had no hope of being paid that are in the end paid thus the business recovering them.

    Clemence C.
    US
    Clemence C.

    Why do we have another set of journal entries for 1,330 showing an increase in Cash and Sales, in whose books does that appear? I think when a sale is made, the restaurant shows in its books the Expense of 5% which is an increase in the PL Account, plus a sale of 1,400. The example is not specifying whether the sales invoice amount is gross or inclusive of the 5% charge by the credit card company to the restaurant. I am left to assume everything and only can make sense of it when the working is shown, how about those who are struggling to understand. Please clarify the reason we have the second set of journal entries and in whose books are those appearing in, the credit card company or the restaurant.

    Simplisio A.
    UG
    Simplisio A.

    where should written off debtors be recorded in a balance sheet?

    Simplisio A.
    UG
    Simplisio A.

    I believe automated machines and cards are making life easy and convenient to every one in the world.

    GABRIEL FOSU A.
    GH
    GABRIEL FOSU A.

    Write offs are the debt owned by debtors that the business fail to recover at the end of the accounting period whereas Recoveries are those the business was able to recover at the end of the accounting period

    GABRIEL FOSU A.
    GH
    GABRIEL FOSU A.

    Does bad debt refer to only debtors?

    Sohail K.
    ES
    Sohail K.

    Write offs are the debt owned by debtors that the business fail to recover at the end of the accounting period whereas Recoveries are those the business was able to recover at the end of the accounting period

    Adeshola A.
    GB
    Adeshola A.

    There are two ways to write off a bad account receivable. One is the direct write-off method and the other occurs under the allowance method

    Adeshola A.
    GB
    Adeshola A.

    There are two ways to write off bad account receivable. One is the direct write-off method and the other occurs under the allowance method

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