Paul Borg
April 19, 2020
3:49 pm
This Lesson Was Contributed By:
Paul Borg
This Lesson is For:
Lesson Duration:
120 mins.
What Should You Expect From This Lesson?
Explaining bad debts and reasons for incurring such irrecoverable debts; Differentiating between irrecoverable debts and allowance for doubtful debts; Showing how irrecoverable debts are written off; Calculating a general allowance and a specific allowance; Showing how to draw up the allowance for doubtful debts account in the first year and in subsequent years; Giving reasons for maintaining an allowance for doubtful debts.
How To Carry Out This Lesson At Home:
Questions & Answers serve as Text. These may or may not require teacher guidance, depending on student’s level of reading and understanding of English, besides other factors.
Class Demos (CD) are exercises meant to be worked out with teacher guidance.
Homework (HW) are exercises meant to be worked out without teacher guidance (lesson duration does NOT include HW).
Both CD & HW are mainly exercises taken from SEC exam papers pre 2010 . Answers to both in excel file.
