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Coj Debt Write off Application Form

Coj Debt Write off Application Form

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Instructions and help about city of johannesburg debt rehabilitation form

hello and welcome to another TLC tutoring accounting lesson today we're going to be going over the basics for accounting for bad debts I specifically will be looking at the differences between the direct write-off method and the allowance method now when it comes to the direct write-off method the most important thing to remember is that you are going to be directly writing off that account by expensing it so let's take a look I'm gonna go down to this box here so typically what we're doing with these two methods is we're finding out how we are going to be riding off accounts receivable as uncollectible so when we're writing off an account using the direct write-off method our focus is going to be on expensing that account right away so what we're going to do is we're going to debit bad debt expense for whatever amount is being written off as uncollectible and then remember we are writing off an account so we're go

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