QuickBooks Training- Writing off Bad Debt

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Uploaded by on Sep 9, 2009

http://www.QuickBooksTraining.com/ - Learn to write off bad debt.

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Education

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  • @okasha1983 ok ok ok ok ok ok ok

  • @okasha1983 ok ok ok ok ok ok ok

  • because you did not match the revenue on MAY with expenses which should have been recorded on MAY not JUNE , to be in the good performance we should use the allowance doubtful method , cuz the expenses will be matched with revenue in the right time

  • u used the wrong method ...the direct method is not acceptable by GAAP

    u should have not debited the bad debt expense ,

    how about if the sales was on MAY 2010 and recorded the bad debt expense on JUNE 2010 so u did not comply with GAAP

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