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BAO5543 Accounting Systems and Processes- Professional Accounting Bodi

Journalising accounts receivable entries Using your text as a resource, show the journal entries needed to show sales on credit the collection of part of the amount owing, the write off of accounts receivable, the reinstatement of an amount written off and the collection in full of the amount owing.
 
Create your own numbers. A spreadsheet is not required. Estimating bad debts  Contrast two different methods of estimating bad debts. Create simple examples. Evaluation of a firm's financial position  How can we use receivables to evaluate a firm's financial position Give numerical examples. Dishonour of a note receivable.
 
Write a scenario which includes a credit sale, a conversion to a Note receivable, the dishonour of the note and subsequent delayed payment. Show the journal entries. Create your own simple numbers. Work Integrated.

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