IRRECOVERABLE DEBTS AND ALLOWANCES (BAD DEBTS AND PROVISIONS) - PART 1

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  • เผยแพร่เมื่อ 30 ก.ย. 2024

ความคิดเห็น • 59

  • @mohamedalhajisesay1998
    @mohamedalhajisesay1998 2 ปีที่แล้ว +9

    I'm Mohamed ALHAJI Sesay from Sierra Leone." I apprentice you so much Sir. Thank you very very much. May God Almighty continue to guide and protect you Sir.

  • @SaviourPeter-px6ol
    @SaviourPeter-px6ol 21 วันที่ผ่านมา

    Thank you so much sir, for saving me.
    You are the best accounting Teacher/Lecturer that ever teach me. Each time I watch your video with zero knowledge on the particular topic, before the end of that video I always go with full knowledge on that topic.
    Kudos 💯 Sir your teachings are Excellent ☑️.

  • @lindagaza8638
    @lindagaza8638 24 วันที่ผ่านมา

    Very helpful sir. Thank you so much. Please I need part 3

  • @batambuzestephen8243
    @batambuzestephen8243 10 หลายเดือนก่อน +1

    Hi Dr Felix
    As you have explained in the introduction, the word debtors is being dropped from use in the accounting statements and is replaced by Receivables. Does that mean that the Debtor's account is also likely to be changed to a Receivables account? Or these are two different and separate accounts.
    Stephen

  • @tieey
    @tieey 27 วันที่ผ่านมา

    Thank you SIr. Very helpful☺☺🙏

  • @HerriethMohale
    @HerriethMohale 3 หลายเดือนก่อน

    In case whereby we are not given a percentage, how do we deal with it

  • @DesmondSakyi-pb6zd
    @DesmondSakyi-pb6zd หลายเดือนก่อน

    Please I can't find the part three of this topic ohh

  • @fahadmohammed3199
    @fahadmohammed3199 2 ปีที่แล้ว +1

    Thanks for your service to humanity sir 🙏🙏. Please you haven’t done a video on amalgamation of partnership.
    And then change in partnership when there’s a death of a partner or withdrawal of a partner.

  • @paddy2797
    @paddy2797 3 หลายเดือนก่อน

    Why use dollars instead of cedis please

  • @nakalehelena
    @nakalehelena ปีที่แล้ว +1

    hi sir this lesson was really helpful but can you please take us through in the adjustments in accounts mostly on the premium ones as well as the calculations please

  • @euniceadinyah2163
    @euniceadinyah2163 2 ปีที่แล้ว +1

    Thanks so much. Very easy to understand😃

  • @seneiyalesame
    @seneiyalesame ปีที่แล้ว

    What if the provision for doubtful debts remains constant through the years? How will it be treated in the P&L account?

  • @abdulailaptobangura9403
    @abdulailaptobangura9403 2 ปีที่แล้ว

    Hi sir
    I'm Abdulai Bangura from Sierra Leone
    Can u plz help me with " Redemption of Debentures through Sinking Fund ( Companies )

  • @ProsperSuccess-f3t
    @ProsperSuccess-f3t 11 หลายเดือนก่อน

    Hi sir I really want appreciate your hard work to help students understand thank you very much God reachly bless you

  • @IsaacAnkugah-bg6os
    @IsaacAnkugah-bg6os ปีที่แล้ว

    Sir please I'm waiting for the part 3 of this video. Pls📝📝

  • @kumjoseph4531
    @kumjoseph4531 ปีที่แล้ว

    Which of the balance of the debtors figure do we calculate provision for bad debt on. Opening or closing

  • @yuhwamsilas6149
    @yuhwamsilas6149 ปีที่แล้ว

    Thanks for explanation you're too much.

  • @letslearnburmeselanguage5110
    @letslearnburmeselanguage5110 2 ปีที่แล้ว

    dear sir, our teacher said that you could not assume allowance for doubtful debt as an expense. It can reduce our trade receivable, so it is debit.

  • @yusufabdirahmanjama8720
    @yusufabdirahmanjama8720 2 ปีที่แล้ว +1

    An other amazing lesson thanks

  • @benquaye9469
    @benquaye9469 2 ปีที่แล้ว

    please the other income of 25 where there is a decrease in the prov for doubtful. how is treated on the income statement. do you add it to gross profit when calculating for the net profit

  • @jeffreykent5610
    @jeffreykent5610 ปีที่แล้ว

    Where do we find Part 3 of this topic, its not uploaded anywhere here.

  • @samuelallotey2549
    @samuelallotey2549 11 หลายเดือนก่อน

    Your explanations are very helpful, thank you very much

  • @peaceudoh3836
    @peaceudoh3836 11 หลายเดือนก่อน

    Could it be called provision for bad and doubtful debt?

  • @kidsplay4002
    @kidsplay4002 ปีที่แล้ว

    Your so easy to understand thank you for your easy explanations has part 3 been uploaded by any chance ?

  • @DorisMusoka
    @DorisMusoka ปีที่แล้ว

    This was very helpful
    Thank you very much Sir 🙏

  • @MokalaColumbusAyong-gw1cr
    @MokalaColumbusAyong-gw1cr 11 หลายเดือนก่อน

    Thank you very much: your lesson very easy to understand.

  • @TemakhonkosiNhalungo
    @TemakhonkosiNhalungo 11 หลายเดือนก่อน

    This was very informative 😊❤thank you sir

  • @yayonetwork1569
    @yayonetwork1569 ปีที่แล้ว

    Good job you are doing ,I wished you could had also done an episode on short term investments

  • @EbrimaSowe-vz8gc
    @EbrimaSowe-vz8gc 6 หลายเดือนก่อน

    Thank you sir well understand

  • @priscillayoung8312
    @priscillayoung8312 ปีที่แล้ว

    Great work, Please do the video on the part 3 🙏🏼

  • @jujudossantos8450
    @jujudossantos8450 2 ปีที่แล้ว +1

    What are net received

    • @richmiluv3710
      @richmiluv3710 2 ปีที่แล้ว +1

      I think u didn’t really follow the lectures well, he made mention of that bro so go watch it again for better understanding. Thank You

  • @giftzulu498
    @giftzulu498 ปีที่แล้ว

    great i loved it youre a good teacher

  • @zunaidkanema3319
    @zunaidkanema3319 ปีที่แล้ว

    Are you an accountant coz am amazed

  • @manassehleonard2879
    @manassehleonard2879 ปีที่แล้ว

    Thank you for the lecture

  • @SchoolAccount-kw7tw
    @SchoolAccount-kw7tw 4 หลายเดือนก่อน

    15:51 notes for self

  • @AmazingLightVincentEjiro
    @AmazingLightVincentEjiro 4 หลายเดือนก่อน

    God bless you sir

  • @khadijahjarju9836
    @khadijahjarju9836 ปีที่แล้ว

    Thanks you so much sir 🙏

  • @thaboncube7040
    @thaboncube7040 2 ปีที่แล้ว

    Great explaination thankyou

  • @bernadettedoh9445
    @bernadettedoh9445 2 ปีที่แล้ว

    Thank you very much sir, please I didn't quite get where the 1000 debited in the debtors account came about.

  • @obasinasome7702
    @obasinasome7702 5 หลายเดือนก่อน

    Much love

  • @harrisonjervis5819
    @harrisonjervis5819 2 ปีที่แล้ว +2

    With all due respect sir, my main question is, for preparing an income statement, why do we take the increase/decrease amount of provision for doubtful debts for an expense/income but why not take the whole amount that is present for that year. Wouldn't the whole amount be the actual expense for that year? i am very confused with this. I would highly appreciate it if you could reply me.

  • @Pwittipearl
    @Pwittipearl ปีที่แล้ว

    Provisions

  • @thetngonephue1608
    @thetngonephue1608 2 ปีที่แล้ว

    SO GOOD SIR

  • @fynnkwesiegyir
    @fynnkwesiegyir 2 ปีที่แล้ว

    I need part 2

  • @RSH592
    @RSH592 2 ปีที่แล้ว

    Great Work!

  • @obasinasome7702
    @obasinasome7702 5 หลายเดือนก่อน

  • @kiizayona351
    @kiizayona351 ปีที่แล้ว +1

    Thank you, Mr. Felix, for the elaborate breakdown of bad debts and provision for doubtful Debts.👋

  • @BrianNortey
    @BrianNortey ปีที่แล้ว +1

    What u are teaching is not like that

    • @maryakorli9971
      @maryakorli9971 10 หลายเดือนก่อน

      Please provide your source

  • @hillsongcovers2173
    @hillsongcovers2173 ปีที่แล้ว

    Could it be also called Provision for Bad and Doubtful Debts?

  • @remikavishe5012
    @remikavishe5012 2 ปีที่แล้ว

    Thanks sir for a nice period! May you please help us on how to open joint venture account

    • @abubakarmusayerimaru9879
      @abubakarmusayerimaru9879 2 ปีที่แล้ว

      Thank you so much sir. You have contributed immencely to my academic life. Today I watched your videos on end of year adjustment but one problem militated against my ability to apply the knowledge till I watched this video. The problem is I don't know the second treatment for an additional bad debt but you have vividly explained it here. Once again thank you tremendously.

  • @chiomaike4844
    @chiomaike4844 2 ปีที่แล้ว

    Please sir, I really need you to do Published accounts cos I'm really finding it difficult to understand from other tutors. I have exam in like a month's time.

    • @FOGAccountancyTutorials
      @FOGAccountancyTutorials  2 ปีที่แล้ว +2

      Alright... I’ll do that

    • @dorothyds1057
      @dorothyds1057 ปีที่แล้ว

      @@FOGAccountancyTutorials sir please can I have your WhatsApp contact please