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Burned claims and doubtful claims
If our method is direct fuel, when we ask for fuel, we ask: the cost of fueled claims of the debtor and accounts receivable of the creditor,,,
If our method is saving, there are two ways to save, one is based on balance sheet balances, which is a balance sheet approach that includes methods: 1. percentage of accounts receivable, 2. age analysis of accounts receivable, 3. case-by-case (one-on-one examination of customers or special identification) and one based on profit and loss balances, which is the profit and loss approach, which includes the following methods: 1. A percentage of credit sales 2. A percentage of total sales (if credit and cash sales cannot be separated)
For example, based on the balance of accounts receivable, we take a 2% reserve,,, if the receivable balance is 20 million in 2019, it becomes 400 thousand and it is recorded: the cost of debtor’s doubtful receivables and the reserve for doubtful receivables of creditor,,, now in 2015, 300 A thousand will be burned: 300 debtors’ doubtful receivables reserve and 300 creditors’ accounts receivables (note that whenever the receivables are burned, it will be collected: debtor’s accounts receivable and creditor’s doubtful receivables reserve and then it will be recorded: debtor’s cash balance and creditor’s receivable accounts). At the end of the year 2015, the balance of accounts receivable is 10 million, and 2% of it is 200,,, because there is a reserve of 100,000, we make 200-100 and record: the cost of debtor’s doubtful receivables is 100 and the creditor’s doubtful receivables reserve is 100,,,, This is a balance sheet approach. If, for example, instead of 10 million in this example, the balance of accounts receivable was 4 million, 2% would be 80,000. non-operational creditor,,,,
In this example, if we took a reserve based on credit sales and the balance of credit sales in 2014 is 20 million and we take 2% of it as a reserve, the 2% would be 400,000, which we would record in 2014 as in the previous method: the cost of doubtful receivables and reserve In 2015, 300,000 doubtful receivables of the creditor were burned: the reserve for the doubtful receivables of the debtor and the creditor’s accounts receivable, and the total credit sales at the end of the period is 10 million, which is 2% of 200,000. We have nothing to do with the profit and loss approach to the balance of the reserve for doubtful receivables and we add: the cost of the doubtful receivables of the debtor is 200 and the reserve of the doubtful receivables of the creditor is 200.
Of course, in practice, a case method or special identification is used, and we have to act according to the executive regulations of paragraph 11 of article 148.
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