FINAL ACCOUNTS – PROVISION FOR DOUBTFUL DEBTS : LSUS
FINANCIAL ACCOUNTING SSS2 FIRST TERM
WEEK 2
FINAL ACCOUNTS – PROVISION FOR DOUBTFUL DEBTS
Performance Objectives
Students should be able to:
1. Explain the following terms:
(a) Bad debts (b) Provision for doubtful debts
2. List three types of provisions that could give rise to adjustments in the final accounts.
Contents
PROVISION FOR DOUBTFUL DEBTS
Although a debt may not actually have become bad, there may be doubt as to whether it will be paid. It would be misleading to include that debt as an asset in the balance sheet pretending that the amount is not in doubt. On the other hand, since it has not yet become bad, it would be wrong to.... View More
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- FINAL ACCOUNTS - SPECIAL TRANSACTIONS, BAD DEBTS, CLOSING ENTRIES
- FINAL ACCOUNTS – PROVISION FOR DOUBTFUL DEBTS
- FINAL ACCOUNTS – PROVISION FOR DISCOUNTS 2
- FINAL ACCOUNTS – ACCRUALS AND PREPAYMENTS
- DEPRECIATION OF FIXED ASSETS
- DEPRECIATION OF FIXED ASSETS.
- DEPRECIATION OF FIXED ASSETS..
- FINAL ACCOUNTS – FULLY WORKED EXERCISES
- Chapters 8
- Category SSS2
- Author ClassNotes Edu
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