TAILIEUCHUNG - Lecture College accounting (13/e): Chapter 15 - Price, Haddock, Farina

Chapter 15 - Accounts receivable and uncollectible accounts. After reading this chapter, you should be able to: Record the estimated expense from uncollectible accounts receivable using the allowance method, charge off uncollectible accounts using the allowance method, record the collection of accounts previously written off using the allowance method,. | 1- McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Accounts Receivable and Uncollectible Accounts Section 1: The Allowance Method Of Accounting For Uncollectible Accounts Chapter 15 Section Objectives 1. Record the estimated expense from uncollectible accounts receivable using the allowance method. 2. Charge off uncollectible accounts using the allowance method. 3. Record the collection of accounts previously written off using the allowance method. Methods used for writing off accounts that are determined to be uncollectible include the: Allowance Method Direct Charge-Off Method Losses from uncollectible accounts are a normal cost of doing business. Bad Debts Allowance Method Estimates losses from uncollectible accounts. Matches uncollectible accounts expense to sales. Uses a valuation account (Allowance for Doubtful Accounts), a contra asset account which reduces the amount of accounts receivable shown on the balance sheet to .

• Kế toán - Kiểm toán
• College accounting
• Lecture College accounting
• Financial statement
• Cost accounting
• Accounts receivable
• Uncollectible accounts
• Job order cost accounting
• Accounting for sales
• Accounting for purchases
• Accounts payable
• Closing procedures
• Accounting cycle
• Accounting principles
• Reporting standards
• Accounting for partnerships
• Allocating income
• Process cost accounting
• Process inventory
• Language of business
• Financial information
• Analyzing business transactions
• Financial interest
• T accounts
• General ledger
• General journal
• The worksheet
• Trial balance
• Closing entries
• Postclosing trial balance
• Cash receipts
• Cash payments
• Payroll computations
• Payroll laws
• Payroll taxes
• Employee income tax
• Recording adjustments
• Notes payable
• Notes receivable
• Merchandise inventory
• Inventory costing methods
• Disposition of assets
• Depreciation methods
• Capital stock transactions
• Capital stock
• Corporate earnings
• Capital transactions