Income statement with adjustments | The Provision for Bad Debts | Principles of Accounts | CSEC PoA

Описание: This video shows how to calculate the figure for the provision for bad debts that goes in the income statement in three scenarios:

The creation of the provision
An increase in the provision
A decrease in the provision

This is the second video in a series on how to prepare income statements with adjustments.

To see the previous video where I show to adjust the income statement figures for accrued and prepaid revenues and expenses check this video out:
   • Income statements with adjustments | Accru...  

To see how to prepare the trading section of an income statement check out this video:    • Income statements | How to prepare a Tradi...  

To see how to deal with the provision for bad debts t-account check out this video:    • CSEC PoA | The Provision for Bad Debts | T...  

To see how to prepare t-accounts for expenses and revenues then check out these videos:
Expenses -    • CSEC PoA | Expense accounts | How to prepa...  
Revenues -    • CSEC PoA | Revenue accounts | How to prepa...  

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