Chapter 5
Irrecoverable Debts and Allowance for Receivables

■ Learning Objectives

·Understand what irrecoverable debts are and how irrecoverable debts are written off．

·Understand why allowance for receivables is made．

·Make accounting entries for recording the allowance for receivables．

·Make accounting entries for increasing or reducing the allowance for receivables．

·Make all the entries in the statement of profit or loss and statement of financial position for irrecoverable debts and allowances for doubtful debts．

·Make accounting entries for irrecoverable debts recovered． Pw/zh+7KPpxVNQVxPFZh6QVidEvN3H0YBO7lgNL3pZJPM8cnj+aaZLE5mPEVWBbQ