They are not the same: the difference is that: INFLUENCE COST: is less commonly used in standard accounting terminology and may refer to charges or fees that influence behavior or decision-making within financial contexts. It could imply costs associated with influencing outcomes, such as marketing or sales incentives. WHILES PROVISION FOR BAD DEBT: is an accounting estimate used to recognize the potential loss in accounts receivable that may not be collectible. It reflects management's assessment of the risk that some customers will default on their payments.
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I love your calmness in explaining the topic and the step by step proceedures
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Great work it as implemented my knowledge
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And can you listed the rules of the control accounts on what can be recorded on the debit side and credit side of the sales or purchases ledger❤
I have mentioned all clues in the video. Rewatch it ✅
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Thanks a lot
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Is the influence charge same as provinsion of bad debts
They are not the same: the difference is that:
INFLUENCE COST: is less commonly used in standard accounting terminology and may refer to charges or fees that influence behavior or decision-making within financial contexts. It could imply costs associated with influencing outcomes, such as marketing or sales incentives.
WHILES
PROVISION FOR BAD DEBT: is an accounting estimate used to recognize the potential loss in accounts receivable that may not be collectible. It reflects management's assessment of the risk that some customers will default on their payments.
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credit to you sir 🤝
Thanks so much..❤
Click on this link to watch the part 2 . Solved practice question.
ua-cam.com/video/s1Ym4v1l8oU/v-deo.htmlsi=CsqRiH-RE6WJPUTR
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Very helpful sir
thank you so much! do you offer personalized tutoring?
I do but currently offering it to Senior High School students. Which level are you?
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Sir, please note cash refund to cash customers
great
What if the bad debt were written off
It will be credited to sales ledger control account
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