Accounting for Receivables | Bad Debts | Provisions for Bad Debts | Commerce Specialist | Debtors |

This video from Commerce Specialist is a tutorial video / lecture video related to an important Financial Accounting topic which is Accounting for Receivables. This video explains the basic concepts and principles for Accounting for Receivables. It also explains the two main Approaches to calculate Bad Debts, the Income Statement Approach and the Balance Sheet Approach, the concept of Receivables / Debtors, This video explains in detail when receivables are generated, how to record account receivables, What are Bad Debts, How to calculate Bad Debts, General Entries relating to Receivables, Allowance for Bad Debts and Bad Debts, Adjusting entries for bad debts under various assumptions, Ledger Accounts for Receivables, T accounts for Allowance for Bad Debts, Balance Sheet Extracts, relation of Matching Concept and Prudence Concept with Bad Debts. This tutorial/lecture video is very relevant and useful for students of I.Com, B.Com, O Levels, A Levels, CA, ACCA, CMA, CIMA, CIA and CPA as it covers the learning outcomes of their syllabus. About: Commerce Specialist is a Certified Management Accountant (CMA) from USA, also holds a Bachelors in Accounting, B.Ed., an MBA in Finance along with over 20 years’ experience of working in MNCs including Banks, NBFIs and top business schools, colleges and universities. My website link: www.comparativeedge.com Link of my previous videos: Link for video on Basic Depreciation:    • Depreciation | Methods & Calculations | St...   Link for video on IAS 16 PPE: :    • IAS 16 PPE | Property, Plant & Equipment |...   Link for video on Inventory Valuation    • Stock Valuation Systems & Methods | Period...   Link for video on Break Even Analysis:    • Break-Even Analysis | CVP Analysis | Break...   Link for video on IAS 7 Statement of Cash Flows    • Statement of Cash Flows | IAS 7 | Indirect...   Viewers and students can contact me on [email protected] or email me at [email protected] or whatsapp me on +923219213800. #accountingforreceivables #baddebts #provisionforbaddebts