Lesson objective
Explain the journal entry for
write off irrecoverable debts owed from credit customers
changes in the allowance for impairment of trade receivables
WS 10B.1 Q1 AFIOTR
WS 10B.1 Q2 AFIOTR
WS 10B.2 Q1 AFIOTR with written off
WS 10B.2 Q3 AFIOTR
Interpretation of AFIOTR account
Increase/ decrease or understated/overstated