9.4 Provision for bad debts

08/10/2014 | 02:53

Learn how to provide for bad debts if you suspect that a customer's account is going to turn bad so as not to overstate your trade debtors

Created: 08/10/2014

00:00:00 Start : Introduction

00:00:15 Chart of accounts must have Provision for bad debts accounts

00:00:39 Check the full amount owed by the customer

00:01:01 Record provision in GL journal

00:01:33 If there is GST in the debt

00:01:49 if your company is not GST registered