Income statement with adjustments | The Provision for Bad Debts | Principles of Accounts | CSEC PoA

This video shows how to calculate the figure for the provision for bad debts that goes in the income statement in three scenarios:
- The creation of the provision
- An increase in the provision
- A decrease in the provision
This is the second video in a series on how to prepare income statements with adjustments.
To see the previous video where I show to adjust the income statement figures for accrued and prepaid revenues and expenses check this video out:
• Income statements with...
To see how to prepare the trading section of an income statement check out this video: • Income statements | Ho...
To see how to deal with the provision for bad debts t-account check out this video: • CSEC PoA | The Provisi...
To see how to prepare t-accounts for expenses and revenues then check out these videos:
Expenses - • CSEC PoA | Expense acc...
Revenues - • CSEC PoA | Revenue acc...
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