Vce Unit 3 Accounting Bad Debts Youtube About press copyright contact us creators advertise developers terms privacy policy & safety how works test new features nfl sunday ticket press copyright. Vce accounting unit 4 bad & doubtful debts summarya resource for unit 3&4 vce business management.
Unit 3 Vce Accounting Accrued Expenses Youtube Welcome to video 17 of year 12 vce accountingtoday we are looking at bad debt and allowance for doubtful debt0:00 intro and recap1:56 key terms3:25 ste. Record the relevant entry in the general journal. this question requires us to update the business’s allowance for doubtful debts from $3,000 to its target level of 3% of net credit sales, i.e., from $3,000 to ($162,000 $2,000) * 0.03 = $4,800. this means the allowance for doubtful debts must increase by $1,800. we record the following:. Vce accounting units 3 &4 [ 202 4] bad and doubtful debts – progress check your name: structure of exam. section a multiple choice 1 question 1 mark section b short answer 5 questions 21 marks 22 marks when you finish get your marks, and view solution videos that explain the answer to each question at:. Following the recording of the balance day adjustment, the bad debts account would then be closed to the profit and loss summary account with all other expense accounts and reported in the income statement under 'other expenses', helping to ensure that the accrual basis assumption is upheld, and that profit is calculated accurately by comparing revenues earned against expenses incurred in the.
Accounting Entries For Bad Debts Youtube Vce accounting units 3 &4 [ 202 4] bad and doubtful debts – progress check your name: structure of exam. section a multiple choice 1 question 1 mark section b short answer 5 questions 21 marks 22 marks when you finish get your marks, and view solution videos that explain the answer to each question at:. Following the recording of the balance day adjustment, the bad debts account would then be closed to the profit and loss summary account with all other expense accounts and reported in the income statement under 'other expenses', helping to ensure that the accrual basis assumption is upheld, and that profit is calculated accurately by comparing revenues earned against expenses incurred in the. • c job owed $4 400. if they could pay 25 cents in the dollar on all their debts before being declared bankrupt, the business would receive 0.25 x $4 400 = $1 100. • therefore, the amount not paid would be $3 300. record the bad debts in the general journal. Vce accounting 3 4 notes. all notes for unit 3 and 4. bad debts may decrease, as customers will pay early rather than leaving debts unpaid media notes unit 2.
Vce Accounting Matters 5 When Can Bad Debts Be Good Youtube • c job owed $4 400. if they could pay 25 cents in the dollar on all their debts before being declared bankrupt, the business would receive 0.25 x $4 400 = $1 100. • therefore, the amount not paid would be $3 300. record the bad debts in the general journal. Vce accounting 3 4 notes. all notes for unit 3 and 4. bad debts may decrease, as customers will pay early rather than leaving debts unpaid media notes unit 2.
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