This Module covers accounting for bad debts.
Describing how the bad debts expense account and the Allowance for Doubtful Accounts account are used to record bad debts.
Using the income statement approach and the balance sheet approach to estimate the amount of bad debts expense.
Preparing an aging of accounts receivable.
Writing off an account using the Allowance for Doubtful Accounts method.
Using the direct write-off method.