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Bad Debt Write off Method  Form

Bad Debt Write off Method Form

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Instructions and help about accounts receivable write off form template

hello and welcome to another TLC tutoring Company accounting lesson today we're going to take a look at the direct method for bad debts now we know that the majority of companies have account receivables which are um monies that are going to be received from customers in the future however um just like life sometimes things don't work out the way we would hoped so not all of those account receivables are always collected so if we ever determine that an account receivable is is not going to be collected well how are we going to account for that well there are two methods the direct method and the allowance method So today we're going to talk about the direct method it happens to be one of the simplest methods so here we have a couple transactions uh XYZ company decides that a $500 account is uncollectible so let's take a closer look at that one and really analyze what is going on here and what we have to do to record this journal entry so let's th

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