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  • Accounts Receivable: Methods of Estimating Doubtful Accounts

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    Bryan Natad
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    This document discusses methods for measuring and adjusting accounts receivable to net realizable value. It notes that accounts receivable should be measured at face value or net realizable value and adjusted for allowances including freight charges, sales returns, sales discounts, and doubtful accounts. The document also lists methods for estimating doubtful accounts, including aging of receivables, percentage of receivables, and percentage of sales.

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    2.ACCOUNTS RECEIVABLE

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    This document discusses methods for measuring and adjusting accounts receivable to net realizable value. It notes that accounts receivable should be measured at face value or net realizable value and adjusted for allowances including freight charges, sales returns, sales discounts, and doubtful accounts. The document also lists methods for estimating doubtful accounts, including aging of receivables, percentage of receivables, and percentage of sales.

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    19 views1 page

    Accounts Receivable: Methods of Estimating Doubtful Accounts

    Uploaded by

    Bryan Natad
    This document discusses methods for measuring and adjusting accounts receivable to net realizable value. It notes that accounts receivable should be measured at face value or net realizable value and adjusted for allowances including freight charges, sales returns, sales discounts, and doubtful accounts. The document also lists methods for estimating doubtful accounts, including aging of receivables, percentage of receivables, and percentage of sales.

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    © All Rights Reserved
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    ACCOUNTS RECEIVABLE

     MEASUREMENT- @FACE to NRV


     ADJUSTMENTS TO DETERMINE NRV
     Allowance for freight charge
     Allowance for sales return
     Allowance for sales discount
     Gross method- buo ang record ng A/R.
     Net method- deducted agad ang cash discount.
     Allowance for doubtful accounts
    METHODS OF ESTIMATING DOUBTFUL ACCOUNTS
     AGING OF RECEIVABLES – required allowance
     PERCENTAGE OF RECEIVABLES- required allowance
    PERCENTAGE OF SALES- doubtful accounts expense mismo

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