Irrecoverable & Doubtful Debts

How to apply the double entry to Irrecoverable debts and calculating doubtful debts adjustments

Пікірлер: 38

  • @Amanda-yd2gl
    @Amanda-yd2gl2 жыл бұрын

    This is one of the best explanations I have seen for this topic. Thank you. Extremely helpful!

  • @slaidebowden6643
    @slaidebowden66432 жыл бұрын

    Consistently, the best explanations I’ve found. You should keep uploading

  • @AbrasionUK
    @AbrasionUK3 жыл бұрын

    First video that really helped doubtful debts click for me. Thanks!

  • @ndp885
    @ndp8854 жыл бұрын

    Love this channel. You'll make a superb tutor of aat

  • @Ivan_Chandra
    @Ivan_Chandra4 жыл бұрын

    Thank you 😊 Finally understand Doubtful debts adjustments.....thx to the art ....thanks again 👍

  • @kadunascimento6992
    @kadunascimento69922 жыл бұрын

    You explained better than my teacher, you made me understand it in a perfect and easier way. Thanks a lot!!!

  • @royginn8992
    @royginn89924 жыл бұрын

    Another very clear explanation. Definitely a gifted teacher!

  • @macodev8938
    @macodev89385 жыл бұрын

    Well explained; could you cover all models in AAT level 3 ? 😊

  • @maurinewman3001
    @maurinewman3001 Жыл бұрын

    It's amazing! Great job!!!😀

  • @labalade9078
    @labalade90782 жыл бұрын

    The best tutor, well done !

  • @jobk3446
    @jobk34463 жыл бұрын

    Thank you very much so helpful you make it very understandable I think you're a great teacher xx

  • @angelstarfire
    @angelstarfire2 жыл бұрын

    Amazing video! Your explanation was clear and I really like the diagram you drew to better help visual what's going on. Thank you!!

  • @khyal16
    @khyal162 жыл бұрын

    Excellent explanation. THANKS

  • @shellywillis7436
    @shellywillis74362 жыл бұрын

    Brilliant thank you definitely a great help 😃

  • @jessicaassalis
    @jessicaassalis4 жыл бұрын

    I wish you as my teacher. You are amazing!

  • @nehalalam5013
    @nehalalam50133 жыл бұрын

    Thank you so much for uploading this video, it helped me to understand the topic better :)

  • @rafaelgonzalez8379
    @rafaelgonzalez83794 жыл бұрын

    Thanks for your videos! :)

  • @benefit92
    @benefit925 жыл бұрын

    Thank you for your videos, they are very helpful! Are you planning on doing any videos on the Final Accounts Preparations topic?

  • @tinyrelax9473
    @tinyrelax94735 жыл бұрын

    Loving the videos! Clearer than my syllabus I must say. Wish tho the background noise (printing?) wasn't existent; quite distracting. Visited quite a few videos, yours is clear and very logical; Thank you. Good look in your teaching carrier.

  • @Beswhoelse
    @Beswhoelse3 жыл бұрын

    Thanks again, more videos please for LV3 👍🏼

  • @azmathchoudhury8702
    @azmathchoudhury87024 жыл бұрын

    smashed it here, really broken it down

  • @shanazknox-leet9067
    @shanazknox-leet90672 жыл бұрын

    thank you very much,would you have any teachings on disposals

  • @andysmith5997
    @andysmith59974 жыл бұрын

    This is good , I hope you succeed , sometimes doing teaching/ training part time in addition to the day job is a good way to start. I did it years ago with Law.

  • @fatouasanyang8934
    @fatouasanyang89344 жыл бұрын

    Thank you well understood

  • @robertasalatioan
    @robertasalatioan4 жыл бұрын

    Thank you

  • @sali8312
    @sali83124 жыл бұрын

    I wish I could subscribe a million times

  • @hetalhemarupinidd4367
    @hetalhemarupinidd43673 жыл бұрын

    Thank you for the nice video. I have question about £2000 from spl a/c where we gonna put? Could you please do more videos of AAT LEVEL 3. I have AVBK exam coming soon. Thank you again. 😊🌹

  • @H5UBR
    @H5UBR Жыл бұрын

    really helpful!

  • @pbrown4
    @pbrown42 жыл бұрын

    Thanks. 1) For irrecoverable debts, we Cr SLCA and Dr Bad debt, do we just leave the sales (income) account with the original value in, even though we never get this income? 2) how do you move a doubtful debt to an irrecoverable one if it turns into one?

  • @victor7530
    @victor75303 жыл бұрын

    Thanks.

  • @parasmehrotra1811
    @parasmehrotra1811 Жыл бұрын

    very helpful

  • @Wilsdag
    @Wilsdag4 жыл бұрын

    Life saver

  • @sarakneary8440
    @sarakneary84403 жыл бұрын

    Could you upload Cost of goods sold and the treatment of inventories lesson? Please 🙏🙏

  • @mrchineduOfficial
    @mrchineduOfficial2 жыл бұрын

    What happens to the data entered in the sales account? thank you

  • @caroline8029

    @caroline8029

    2 жыл бұрын

    Do you mean the individual customers accounts? These are just subsidiary accounts so they don’t form part of the double entry or the SOP&L or SOFP

  • @mrchineduOfficial

    @mrchineduOfficial

    2 жыл бұрын

    @@caroline8029 No I mean the sales account in the main ledger. Remember the sale is also credited to the sales account. So when the Sales ledger control account is credited and the irrevocable account is debited what happens to the entry made in the sales account? thank you

  • @caroline8029

    @caroline8029

    2 жыл бұрын

    @@mrchineduOfficial ah yes I see what you mean. I think the sale there remains showing in the SOP&L but the irrecoverable debt then shows as a negative figure to offset it? I think?

  • @caroline8029
    @caroline80292 жыл бұрын

    Why is the accounting for doubtful debts so much more complicated than irrecoverable debts. I don’t understand why the adjustment account is needed? Can’t the double entry just be credit the SPL with the adjustment amount and debit the allowance for doubtful debt liability account with the same amount?