Accounts receivable (NPAEs) Date: 2012-09-16 17: 22: 09
standard reporting for non-business stakeholders in the public t (Non-Publicly Accountable Entities)
Chapter 7 trade accounts receivable and other receivable (NPAEs)
.Trade accounts receivable refer to receivables arising from the sale of goods or services, other receivable
. Refer to receivables other than trade receivables, loan receivables and directors. And employees. Other loans etc.
How to estimate doubtful accounts There are 3 ways
how percent of our net sales
how percent of outstanding receivables classified according to age of the receivable.
How individual debtor considering
doubtful accounting
Trade accounts receivable – allowance doubtful accounts receivable = NET
how percent of our net sales
1, for example, the gross net sales year 100000 255X/balance as of the end of the year, 60.0 baht total allowance to 500 baht approx. 1% bad debts to
entry debit credit
doubtful. (Doubtful Accounts) * 100000 1%
1000
the song a single debt tolerance (Allowance for Doubtful)
1000
. How percent of outstanding receivables classified according to age of the receivable
.Calculated by grouping the accounts receivable at the end of the year to recognize outstanding aged receivables outstanding group name is taken to determine the number of doubtful with a higher percent of outstanding receivables
overdue.1. the outstanding trade receivables business for a long time with the number 70, 000 baht allowance doubtful accounts estimate of 500 baht for doubtful accounts 1% gross margin settings so doubtful add a 200 baht entry
credit debit.Doubtful (Doubtful Accounts) * 1% = 70000 700 Baht – 500 = 200 200
total allowance (Allowance for Doubtful)
200
example 2 gross trade accounts receivable are outstanding for a long time with the number 70, 000 baht allowance doubtful accounts 1,0 billion baht estimated doubtful accounts 1% therefore acts to reduce total allowance to add 300
entry credit debit total allowance (Allowance for Doubtful)
300
doubtful (Doubtful Accounts) * 1% = 70000 700 – 1000
300
. Disposal of bad debts from enterprises claim action
receivable reach, and expected good sides of course will not receive credit receivables distribution joint venture, leaving account and downgrade to a total allowance
bad debts have been night
.Gross Receivables Amortization of debt settlement, back then Mfg, onklap, accounts receivable, and total allowance will put a distinctive with the relevant number has been back with the debt payment from debtors record
.Bad debts from sale of accounts receivable is done. when the criteria is met. Methods and criteria that are determined by the rules of the original 186 (2534 (1991))
.As debt from a practitioner, or due to business or debts that have been included as income in the calculation of net income. Does not include a debt that is or was a Director or managing partner. Manager
As the debt is not lack of age (usually age 2 years and claim tracking)
.There is evidence by the explicit and did not receive repayment claim tracking should be done in writing, for example, sent a registered mail receipt, at least 2 times each time no less than 1 month away. retrenchment as the
AR bad debts
.Bad debts at the Revenue Department to cut expenses in the calculation of the net. Do not hang on section 65 twin (9) Of the rat mass takon
Revenue Department allows cutting expenses
. The Revenue Department is not allowed to cut expenses because the cutoff date
. The cutoff date, receivables debit debit
bad debts allowance doubtful accounts
credits trade accounts receivable trade accounts receivable credit
debit. Total allowance
-
credits. Doubtful
-
bad debts have been night
bad debts returned.Cash, debit, debit, credit, cash
bad debts have been night
single song credit debt tolerance will be
. Information disclosure in financial reporting (NPAEs)
the value of bad debts amortization during the period
bad debts have been night for
.The number and details of the receivables are used as collateral guarantee.
Reference. Accounting standards for enterprises, there are no public equity (NPAEs)
.
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