How to Account for Bad Debts (Tutorial Video) - Episode 7.1

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  • Опубліковано 5 сер 2024

КОМЕНТАРІ • 35

  • @TheCPARecipe
    @TheCPARecipe  4 роки тому +1

    Comment down below which method of estimating bad debts do you like the most? (and why?)
    a. Aging of Accounts Receivable
    b. Percentage of Receivable
    c. Percentage on Sales

    • @TheCPARecipe
      @TheCPARecipe  4 роки тому

      @Yua Sakura Hi Yua. This is because the rates presented are rounded off to two decimal places. I originally wrote these problems via excel (and thus decimals were not rounded-off). But yes, you are correct. My bad on this one. But hey, materiality 😉

    • @TheCPARecipe
      @TheCPARecipe  4 роки тому

      @Yua Sakura I appreciate that you asked. ☺️

    • @GTV-kv7he
      @GTV-kv7he 3 роки тому

      Please discuss more about corporation balance sheet, Retained Earnings and Net Income 💙

  • @akirasermonia9694
    @akirasermonia9694 4 роки тому +1

    waaah this channel deserves more subs

  • @SirATheCPAProf
    @SirATheCPAProf 4 роки тому +1

    👏👏👏

  • @heidepalma637
    @heidepalma637 4 роки тому +1

    Happy 1k subscribers idol😊

  • @GTV-kv7he
    @GTV-kv7he 3 роки тому

    Good TV

  • @elijahdumo8129
    @elijahdumo8129 4 роки тому +1

    Happy 1k Subs sir!!

    • @TheCPARecipe
      @TheCPARecipe  4 роки тому +1

      Salamat Elijah! I hope you would continue supporting my channel ❤️🤟

    • @elijahdumo8129
      @elijahdumo8129 4 роки тому +1

      Para sa akin po is yung Percentage of Sales kasi yung Aging of accounts receiveable though sabi ito yung pinaka methodical and scientifical approach at malapit sa reality kung nagcocompute po ng rate ng allowance di po sumasangayon yung tinatawag na matching principle na according po sa last video para makapag generate ng revenue lagi dapat magkasama ng income and expense reported im the same period na sinangayunan naman po ng Percentage of Sales na kapag 2020 ang sales 2020 din yung Debts Expense. Kung percentage of accounts receivable naman po e di naman po cinoconsider yung time so hindi din po. Hahaha pero lahat naman po yata ay tama😅

    • @TheCPARecipe
      @TheCPARecipe  4 роки тому +1

      Nice! Solid answer! ❤️❤️❤️

  • @catherinecastro1706
    @catherinecastro1706 4 роки тому +1

    Btw prof super galing nyo po magexplain nde mahirap intindihin. Sana maraming makadiscover sa channel nyo na to para mas marami kayong matulungan matuto. ✨

    • @TheCPARecipe
      @TheCPARecipe  4 роки тому

      Salamat sa positive feedback! I appreciate the kind words very much!

  • @hanzelvidar4768
    @hanzelvidar4768 4 роки тому +1

    Thank you for the lessons and effort in making these videos.😍I really need it especially I'm a STEM student but going to take BS Accountancy in college😊😊

    • @TheCPARecipe
      @TheCPARecipe  4 роки тому

      Thank you for your support. Sana marami kang natututunan.

  • @rizalynjoyfaner2611
    @rizalynjoyfaner2611 4 роки тому +1

    Ayiee well explained po..
    For me Percentage of Sales kasi gusto ko lang char😂

    • @TheCPARecipe
      @TheCPARecipe  4 роки тому

      Because it agrees with the matching principle? 😁❤️

  • @seed6106
    @seed6106 3 роки тому +1

    Bro... gawa ka po ng video about defined benefit plan please 😅

    • @TheCPARecipe
      @TheCPARecipe  3 роки тому +1

      hahaha fair value of plan assets and defined benefit obligation. my golly wow gulay

    • @seed6106
      @seed6106 3 роки тому

      Subukan nyu po gawin hahaha please

    • @seed6106
      @seed6106 3 роки тому

      Basta yung mula sa basic bro tapos hanggang sa complex para madali maunawaan haha

    • @seed6106
      @seed6106 3 роки тому

      Asahan ko to bro 🤩

  • @catherinecastro1706
    @catherinecastro1706 4 роки тому +1

    Yayy!!! First comment, hahaha!

  • @hyerinkim8768
    @hyerinkim8768 4 роки тому +1

    Hellooo, ask ko lang po anong magandang accounting book for beginners?

    • @TheCPARecipe
      @TheCPARecipe  4 роки тому

      The Basic Accounting book by Ballada is good.

  • @mazikeensmith9667
    @mazikeensmith9667 4 роки тому +1

    Hello po, sino po ba mas magaling na author sa Intermediate accounting valix or millan?

    • @TheCPARecipe
      @TheCPARecipe  4 роки тому +1

      Hello. I'm not saying mas magaling. I never read millan. But Valix is a good book. Concise and simple. If you want, you can download PFRS and PAS online as supplemental references. Google ka lang you will be able to find free copies.

    • @mazikeensmith9667
      @mazikeensmith9667 4 роки тому +1

      Thank you po.

    • @TheCPARecipe
      @TheCPARecipe  4 роки тому +1

      No problem. Please recommend our channel to your friends, classmates, or BSAs and ABMs you know. God Bless!

    • @mazikeensmith9667
      @mazikeensmith9667 4 роки тому +1

      i will thank you po ulit Stay safe and Godbless din po.

    • @TheCPARecipe
      @TheCPARecipe  4 роки тому

      Stay safe din and God Bless!