Accounts Receivable and Bad Debts Expense (Outline)

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Our Explanation of Accounts Receivable and Bad Debts Expense helps you understand the accounting for the losses associated with selling goods and providing services on credit. You will understand the impact on the balance sheet and the income statement using different methods.

Part 1Introduction to Accounts Receivable and Bad Debts Expense, Recording Services Provided on Credit
Part 2Recording Sales of Goods on Credit, Credit Terms with Discounts
Part 3Credit Risk, Allowance Method for Reporting Credit Losses
Part 4Writing Off an Account under the Allowance Method, Recovery of Account under Allowance Method, Bad Debts Expense as a Percent of Sales
Part 5Difference between Expense and Allowance, Aging of Accounts Receivable, Mailing Statements to Customers
Part 6Pledging or Selling Accounts Receivable, Accounts Receivable Ratios, Direct Write-off Method
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Our Accounts Receivable and Bad Debts Expense Cheat Sheet includes early payment discounts, responsibility for goods in transit, recording losses from extending credit to customers, and more.

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