#1 Provision for Doubtful Debts - Bad Debts - By Saheb Academy

Here I have explained the concept of Provision for Doubtful Debts and it's entire accounting treatment from very basics in a simple way.
After watching this video you will be able to do this adjustment while preparing Financial Statements ( Profit & Loss A/c and Balance Sheet)
⏱TIMESTAMPS
00:00 - Intro
00:52 - Basic Terms
04:33 - Concept with Practical Example
11:10 - Accounting Treatment of Provision
46:52 - Further Bad Debts Example
Next : #2 Provision for Doubtful Debts - 5 Problems
• #2 Provision for Doubt...
Introduction to Accounting - Basics Concepts
• Basic Concept of Accou...
PDF Notes (Telegram)
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[@aniketthakur8295]

What an Amazing video, The person who will see it will never forgot the concept of Provision for Doubtful Debts 👍

[@srimahalakshmi9025]

Thanks a lot. Ur speciality # English video # clear explanation # good writings # pdf for last min revision # predict students doubts and clarifying. Thanks you so much

[@moonomakanze8784]

I am writing my Bar Exams on Tuesday and i have stumbled upon what i can just call GOLD. PURE LOGICAL explanations. Thank you for the good work

[@sankalpkohli2011]

superb clarity of concept without even wasting a single minute...it looks like u did PHD on the subject...highest level of quality content from your side...thanks!!

[@yoooooohh..-_-7155]

yes!!yes sir this is what am waiting for long time... my teacher told me to explain this...and i tell every possible things about accounting sums but she still not satisfied cus she need logic reason behind them and am confident now thankyou☺ this helped me a lot... lott!!...

[@bipashamondal2784]

Was struggling like anything for this topic since first year and today finally found this gem , thank you so much and please keep making such videos ❤

[@dharitribhuyan2229]

I fall in love with your voice..

[@SahebAcademy]

I want you to fall in love with my teaching 😄

[@dharitribhuyan2229]

Thnk u fr yr rply..I m watching yr Reconciliation vedio.. Yr teaching style is also very nice,

[@fareedkhan2664]

@@SahebAcademy sir how we know that there is increase or decrease in provison for doubtful debt in trail balance which we have to record in income statement . Please reply me thanks

[@emisownworld]

@@SahebAcademy 😂😂😂😂

[@pavithraravi2744]

@@SahebAcademy sir how did u learn everything with so much clarity and shortcuts 😍

[@kazama69]

Amazing teaching sir... I couldn't understand anything in my school but you cleared all doubts. Thank you so much sir🙏❤️

[@Copyrightvlogg]

Seriously, you are amazing bro. Now I got whole concept of this toppic. Thanks

[@margarettemaggio3573]

This just made Asset Management make so much sense.. thank you sir.. feel more equipped to do bad debt recovery..

[@joshuaenoku7263]

Fantastic presentation. Thank you Sir

[@asmashazad9988]

Saheb sir ❤you are amazing. And your voice is super soothing 😍and your efforts are unbeatable 🎉like the way you make small notes on paper is just overwhelming ❤Sir love from Pakistan 🇵🇰

[@mlgseifdabaseh7216]

I am a business manager with engineering background. I was always struggling to understand this topic. He made it easy. Thanks alot.

[@srimahalakshmi9025]

Thanks a lot to post such extremally helpful video in ENGLISH, becoz nobody was giving support then. My big thanks

[@Areyvermaji]

You are the best sir....... I have cracked one interview after watching your videos and hopefully will crack another one in coming days. I wish I had a teacher like you in my school days. Thank you sir 🙏

[@prettyleaves]

I have a better conceptual clarity now. Really nice of you to take the efforts 🙏

[@shripadbabrekar3023]

Thank you sir, you have singlehandedly cleared of all my doubts

[@ripibasar4746]

Thanking you so muchhhh Sir, was looking for this adjustment from a long time, finally found it, with the best explanation.

[@ripibasar4746]

Sir, could you please clear my doubt, why the new provision for doubtful debts, did not record in the Debtor a/c, along with the further b. debts?? N then the new provision also reducing the debtor amt. (If it need to record than sir wht will be the J/E?? Plzz sir reply me back.

[@kothamasuchinmayi442]

THANK U SIR ......THIS VIDEO IS AMAZING FOR UNDERSTANDING DEBTORS ADJUSTMENTS

[@mansoorsalim3745]

Very clear and perfect voice and classes sir. Thanks

[@Rifazmohamed]

Fantastic explanation, Thank you sir! From Sri Lanka

[@amebarikharshandy3587]

Wow, seriously just amazing teaching 👏

[@prettyleaves]

What a useful explanation! You're doing a noble work 💙

[@dhaneeshsrr]

Awesome tutorial video on bad debts!!

[@jenniferwood7768]

Thank you very much this video was incredibly helpful!

[@ShrutiGupta-1010]

Awesome lecture.🎉 thanku sir 😊

[@MusicLoverI]

Sir, Thank your for making this informative vedio. Thank you again. 😊

[@srisri8596]

Oh my God.. What a teacher!! ❤

[@benikhadka768]

14:28 25:32 27:00 29:11 44:15 46:25 2nd yr, case ii further bad debt after preparation of Trial blc 47:29 54:02

[@rajaasad8962]

You are great teacher and mentor respect from Pakistan sir.

[@chloehoyunyee8707]

Thank you so much teacher i have know what it is about already ❤️

[@kishathshaliny1888]

sir what an explanation thank you so much sir u helped me lot for my final exam and you keep my fear out thanks a lot sir f]god bless you sir for your services

[@wanharnaz1265]

Thanks so much for wonderful video...

[@netikuppalausha4666]

It's amazing explanation sir...loved it...

[@sudeepkumar.l8055]

Hats off to your teaching. 😇😘

[@rajasekharreddy5249]

Thanks sir for making video on my request

[@saa172]

Thank you for the clarification 🌸

[@rintovarghese3648]

Very good explanation..plz do more videos

[@nandinikandoi]

I have fallen in love with your voice, your fluent English and your fingers... ❤️

[@shootergaming9459]

Thank you sir for fantastic lecture.

[@SahebAcademy]

Most welcome😊

[@asesticavibe]

The way you teach ,❤️

[@NbagnaIsaiahmaban]

That is wonderful 👏👏👏🤝

[@user-gq7zd8ii5r]

I enjoy this video and it really helps me.

[@himanjain4354]

So helpful videos sir 🙏🙏

[@reddaiahreddy1853]

very good teaching and your intrest to give knowledge is not valuate

[@BandaJosphat]

You're the best sir I was usually failed when it comes to prepare trading profit and loss account under additional information

[@SahebAcademy]

#1 Financial Statements - Concept - Easiest Way - Class 11 - By Saheb Academy kzbin.info/www/bejne/pHrZh4Z3itySaJo

[@nileshgupta6100]

Great Content! Thanks. 1 query. Sorry If I missed something. In the first year when you recorded provision, the second effect of income statement, where did it go in second year? The Bad debts ac only shows current year’s 4k

[@19shivamhadkar48]

Sir I am a TYBAF student. Whenever I want logical explanation of particular part that I don't understood, I prefer to watch your videos. Your videos are very helpful for clearing some doubts. Sir, I have request to you🙏🏻, can you make videos on International finance subject (practical part)?. Please Sir! If it is possible to you then that subject is very easy for examination.

[@PrinceKumar-nz9mw]

Why provision has credit balance please give the logic of that

[@rajav9448]

You are really projecting to me as god ❤

[@khanmdimran5709]

Great sir. Love from Bangladesh

[@meronia14]

Nice explanation 👏

[@HENKELKPAJAL-hl8yd]

It is easy understandable

[@prajwal7190]

Bhai tere videos dekh ke mera 2 semister paas hua hai . ❤️

[@nalini1416]

Hope am gng to crack my interview, well explained

[@Sanjab36]

Best teacher ever!❤

[@punnipallisailaja2086]

Nice explanation

[@saanvigupta7859]

U r just too good🎉

[@akashjabastin.m5124]

Thank you sir

[@user-mm2vt1ct5s]

Hi Sir, What is treatment when PDD provided in 1st year, there are no Bad debts occurred in 2nd year and had carried forwarded PDD to 3rd year and management has anticipated no future loss against Debtors at the end of 3 year end for future? Pls explain. thank in advance.

[@SaurabhKumar-qd6kl]

explanation 🔥🔥

[@onepiece-wl5zb]

Thankssss i really needs this for final exam😭❤️

[@yogeshjain6149]

Bhaiya you are great

[@Pandiyaraj01]

May god bless you brother -)

[@user-cz9ld1xv2t]

I've a doubt that if we want to increase provision so should we write it in credit side and when there will be a decrease in profit so should we write it under debit side . Will always provision and profit will've credit balance as u have said in the video

[@ayushagarwal5854]

Sir I'm studying in bcu im weak in accounts so i wanted to ask for help do you take tutions

[@yoshinid2085]

Can you make a video on bill of exchange ...please

[@martinnjonnes2954]

Hello. What happens when you are not given the old provision in the trial balance? The question I have says "5% of account receivables is to be maintained" the bad debt in the trial balance is 940. Kindly help.

[@Shiva-ds3yk]

Sir please make video on provision for taxation

[@nqobilevuyas3689]

Hey sir Can you please make a video based on membership fees, trading account acc ect. based on NGOs

[@allaboutpubg910]

Amazing explanation???? I'm from Pakistan sir make a video on appropriation account in partnership chepter

[@sofiliz943]

Thank you so much for the Even if i fail the only reason i get something damn on the damn paper will be because of you Hopefully i passs tomorrow ots currently 3:40 in the morning and i have to wake up T 8 and my mobile's at 9% battery

[@vigneshs8853]

Hello sir old provision itself a loss to a company and in next year we got new bad debts and new provision also so it should be added to old provision right? But are we deducting it from old provision as if it is a reserve profit we have😢

[@sulaimankhan6398]

Sir Please make video on financial Statements also

[@imranqureshi-se2ml]

How can we pass the journal entry i.e P&l ac dr To prov for doubtful debts when Journal is prepared before p&l account , things are in order like journal entry> ledger> tb> p&l

[@mosesnjobo1651]

Hie Sir. So on the statement of financial position the amount to be shown as receivables amount is after deducting the allowance for doubtful debts

[@himanjain4354]

This is supperrr❤

[@JemimahDaniels-im1wv]

Thankyou sir really helpful, my exam is in 3hrs😊

[@anousheykhan1747]

Hello Sir, Can you teach online privately subjects are FM9 and Financial Reporting?

[@naveenkumar-lv4wm]

please do videos on TDS,GST,ESI& PF

[@babithp6859]

Super video

[@trex4561]

..cost of capital or capital budgeting...sir plzz . .sir please ..

[@rupamchowdhury6079]

Sir why should we not record the provision as a liability instead of deducting it from the debtor in Balance sheet

[@user-ir6bh3sg1p]

super sir

[@allenquiambao4316]

where did the P/L account exactly come from? can someone explain it to me? thankyou

[@prettyleaves]

56:33 One doubt Will the provision for doubtful debts which is debited to Profit and loss account (9400) be shown at the same amount in the next year? Or will the new provision (5400) only be shown next year?

[@JN-wd2xw]

Did the bookkeeper over-record the expense? Was the expense already recognized in the previous year? Is that why you reversed it? 27:30

[@RajeshwariP-wi3lu]

Sir reserve for bad and doubtful debts which side in profit and loss account sir

[@maktaj9875]

Please make video on company account of class 12 ( issue of share) please 🙏

[@femidakumari4468]

Please make a video on overhead chaptet

[@deenasriram]

Could you please clarify this thing which is mentioned below.. Provision for doubtful debt is shown on the credit side of trail balance and it's also given in adjustments that maintain 5% of POD on debtors...How to record these in P&L and Balance sheet?

[@SahebAcademy]

Send the question through Instagram

[@deenasriram]

@@SahebAcademy yup will send now

[@deenasriram]

@@SahebAcademy yeah i have sent it..It would be very great if u clarify this....

[@deepaksahoo1775]

thanks

[@bhoomikagowda3291]

Please upload videos on final account for ca foundation

[@aishwariyas5320]

Sir if Provision for discount on debt and provision for doubts full debt is also given in trial Bal and in the adj new provision for discount on debtors and new provision for doubts full is need to create . In that time wt will be the treatment in debtors Leger ?

[@SahebAcademy]

Provision for Discount - Concept & Problems - By Saheb Academy kzbin.info/www/bejne/qKu3cmmImqiCiKs

[@user-td5wb7ov7l]

Hi sir i have a small doubt, why didn't you close p/l act as by bal c/d and even didn't mention in trial balance

[@tasneem8093]

sir aapne polio vaccine liya ya vote kiya tha??

[@rajujp6453]

Hello sir I love the way u thought at 5th sem now I am 6th sem but I m not finding the 6th sem B com computer's. Cost control and management accounting sir can u upload the videos of 6th sem

[@agshin10]

is it for IFRS or GAAP?

[@preetysharma1296]

Plzzzz sir... Dissolution of firm... Plzzzzzzzzz

[@yellaiahyellaiah2750]

In first year we record pdd in trial balance

[@hoseanalianya8896]

Why anew provision is carried down on debit side