bad debts Archives - Free ZIMSEC & Cambridge Revision Notes

Principles of Accounting: Introduction to Bad Debts
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Principles of Accounting: Introduction to Bad Debts

Notes, Ordinary Level Notes, Principles of Accounts Notes

Principles of Accounting: Introduction to Bad Debts

By garikaib|2022-09-15T12:33:10+02:00January 24th, 2023|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounts Notes: Introduction to Bad Debts

To understand the concept of Provision for Doubtful debts first we must look at Bad Debts
As outlined during the discussion of the matching/accruals concept
Most businesses conduct business on credit in addition to cash sales
Typically with cash sales payment is received when the goods […]

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Principles of Accounting: Bad Debts Recovered
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Principles of Accounting: Bad Debts Recovered

Notes, Ordinary Level Notes, Principles of Accounts Notes

Principles of Accounting: Bad Debts Recovered

By garikaib|2022-09-15T12:33:09+02:00January 24th, 2023|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounts Notes: Bad Debts Recovered

We have looked at the concept of Bad and Doubtful Debts
For a number of reasons a debt that was previously considered bad might become recoverable:
- Maybe due to an agreement
- A court settlement/order
- The fortunes of the debtor improves
When this happens the debt must be reinstated […]

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Principles of Accounting: Introduction to Provision for Doubtful Debts
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Principles of Accounting: Introduction to Provision for Doubtful Debts

Notes, Ordinary Level Notes, Principles of Accounts Notes

Principles of Accounting: Introduction to Provision for Doubtful Debts

By garikaib|2022-09-15T12:33:10+02:00January 24th, 2023|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounts Notes: Introduction to Provision for Doubtful Debts

As we have pointed out in our examination of bad debts the story does not end there
In our discussion of bad debts we stated that bad debts are only written of in the period in which they occur
Sometimes this happens many periods after […]

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Principles of Accounting: Bad Debts and Provision for Doubtful Debts Example
Gallery
Principles of Accounting: Bad Debts and Provision for Doubtful Debts Example

Notes, Ordinary Level Notes, Principles of Accounts Notes

Principles of Accounting: Bad Debts and Provision for Doubtful Debts Example

By garikaib|2022-09-15T12:33:09+02:00January 24th, 2023|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounts Notes: Bad Debts and Provision for Doubtful Debts Example

We have looked at Bad Debts, Provision for Doubtful Debts and Bad Debts Recovered
Now we will look at an example:

A business, which started trading on 1 January 20X7, adjusted its doubtful debt provision at the end of each year on a […]

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Cambrige Notes: Principles of Accounting: Introduction to Bad Debts
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Cambrige Notes: Principles of Accounting: Introduction to Bad Debts

Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes

Cambrige Notes: Principles of Accounting: Introduction to Bad Debts

By Garikai Dzoma|2022-09-15T12:31:42+02:00January 24th, 2023|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Introduction to Bad Debts

To understand the concept of Provision for Doubtful debts first we must look at Bad Debts
As outlined during the discussion of the matching/accruals concept
Most businesses conduct business on credit in addition to cash sales
Typically with cash sales payment is received when the […]

Comments Off

Cambrige Notes: Principles of Accounting: Bad Debts Recovered
Gallery
Cambrige Notes: Principles of Accounting: Bad Debts Recovered

Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes

Cambrige Notes: Principles of Accounting: Bad Debts Recovered

By Garikai Dzoma|2022-09-15T12:31:43+02:00January 24th, 2023|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Bad Debts Recovered

We have looked at the concept of Bad and Doubtful Debts
For a number of reasons a debt that was previously considered bad might become recoverable:
- Maybe due to an agreement
- A court settlement/order
- The fortunes of the debtor improves
When this happens the debt must be […]

Comments Off

Cambrige Notes: Principles of Accounting: Introduction to Provision for Doubtful Debts
Gallery
Cambrige Notes: Principles of Accounting: Introduction to Provision for Doubtful Debts

Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes

Cambrige Notes: Principles of Accounting: Introduction to Provision for Doubtful Debts

By Garikai Dzoma|2022-09-15T12:31:43+02:00January 24th, 2023|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Introduction to Provision for Doubtful Debts

As we have pointed out in our examination of bad debts the story does not end there
In our discussion of bad debts we stated that bad debts are only written of in the period in which they occur
Sometimes this happens many periods […]

Comments Off

Cambrige Notes: Principles of Accounting: Bad Debts and Provision for Doubtful Debts Example
Gallery
Cambrige Notes: Principles of Accounting: Bad Debts and Provision for Doubtful Debts Example

Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes

Cambrige Notes: Principles of Accounting: Bad Debts and Provision for Doubtful Debts Example

By Garikai Dzoma|2022-09-15T12:31:44+02:00January 24th, 2023|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Bad Debts and Provision for Doubtful Debts Example

We have looked at Bad Debts, Provision for Doubtful Debts and Bad Debts Recovered
Now we will look at an example:

A business, which started trading on 1 January 20X7, adjusted its doubtful debt provision at the end of each year on […]

Comments Off

January 2023