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
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Introduction to Accounting - Basics Concepts
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#1 Provision for Doubtful Debts - Bad Debts - By Saheb Academy
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