Post by account_disabled on Mar 7, 2024 4:03:29 GMT
The belonging to the company PT MCC was worth IDR. , , ,-. Meanwhile, the credit balance in the uncollectible receivables reserve account is IDR. , ,- with a percentage of receivable losses set at %. Based on this, the calculation and also the journal for uncollectible receivables and the journal for reserves for uncollectible receivables are as follows: How-To-Make-Reserves-Losses-Receivables-So-You-Don't-Make-Dizzy-Because-of-Receivables Based on the example of calculations and general journal recording, it is known that the balance in the reserve account for uncollectible receivables is IDR. , ,-. Then, we can also determine that the amount of receivables that can be collected.
However, the disadvantage of this method is that if you look at the profit and loss statement, it will not be able to show the actual loss based on that period. Why is that? Because the calculation will be influenced by reserves for losses in previous Whatsapp Number List periods. Also read: Accurate Depreciation Method Formula and How to Calculate It . Increase the Reserve for Losses on Receivables The method for calculating reserves for uncollectible receivables is almost the same as the previous method, the only difference is that it does not pay attention to reserve account balances and losses.
The following is the formula Percentage of Losses on Receivables X Receivables Balance Based on previous calculation and recording data, the calculation and journal entry for adjusting the allowance for losses on uncollectible receivables are as follows: How-to-make-reserves-for-losses-receivables-so-you-don't-get-dizzy-because-of-receivables Based on the example above, we can clearly see that the balance in the reserve account for uncollectible losses is IDR , . Apart from that, you can also relate the value of losses on receivables in that period to the balance of receivables without having to be affected by the calculation of loss reserves in previous periods. However, this method has two drawbacks.
However, the disadvantage of this method is that if you look at the profit and loss statement, it will not be able to show the actual loss based on that period. Why is that? Because the calculation will be influenced by reserves for losses in previous Whatsapp Number List periods. Also read: Accurate Depreciation Method Formula and How to Calculate It . Increase the Reserve for Losses on Receivables The method for calculating reserves for uncollectible receivables is almost the same as the previous method, the only difference is that it does not pay attention to reserve account balances and losses.
The following is the formula Percentage of Losses on Receivables X Receivables Balance Based on previous calculation and recording data, the calculation and journal entry for adjusting the allowance for losses on uncollectible receivables are as follows: How-to-make-reserves-for-losses-receivables-so-you-don't-get-dizzy-because-of-receivables Based on the example above, we can clearly see that the balance in the reserve account for uncollectible losses is IDR , . Apart from that, you can also relate the value of losses on receivables in that period to the balance of receivables without having to be affected by the calculation of loss reserves in previous periods. However, this method has two drawbacks.