Intro to the Allowance Method and Uncollectible Accounts (Financial Accounting Tutorial #41)
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11 سال پیش
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So up until now we have talked about merchandise inventory and sales made on account. Well what happens when we have a sale that becomes uncollectible and a receivable that becomes impaired/not able to be collected? The allowance method is meant to be used so that we have smooth earnings and to record the correct value for receivables within our company. Its basically a method that provides conservative numbers and consistent results/smooth earnings! We'll talk about the sales method and the receivables method in later videos as they are 2 ways in which we can account for the allowance method!
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So up until now we have talked about merchandise inventory and sales made on account. Well what happens when we have a sale that becomes uncollectible and a receivable that becomes impaired/not able to be collected? The allowance method is meant to be used so that we have smooth earnings and to record the correct value for receivables within our company. Its basically a method that provides conservative numbers and consistent results/smooth earnings! We'll talk about the sales method and the receivables method in later videos as they are 2 ways in which we can account for the allowance method!
* Notepirate is privately owned and exclusive to Notepirate.com.*
Website: http://www.notepirate.com
Follow us on Facebook: https://www.facebook.com/pages/Note-P...
Follow us on Twitter: Twitter: notepirate
We appreciate all of the support you guys have given us. Be apart of the mission to help us reach more students by subscribing, thumbs upping and adding the videos to your favorites!
11 سال پیش
در تاریخ 1392/10/19 منتشر شده
است.
50,865
بـار بازدید شده