Daily Beam Blog

Then the chosen one of the indirect ways – profit (loss) statement or balance sheet. For the purposes of profit (loss) reports a method of bad debt charges as calculated by some of the reporting period as a percentage of sales. This percentage is determined by the actual historical losses with Non profit credit card debt relief. For example, the company gained trading experience shows that 2 percent. sales amount of the debt default by the buyers.

Then the reporting period, bad debt charges will be calculated in the reporting period on credit sales multiplied by 2 percent. For the purposes of the balance sheet approach to customer debt past-due debts are classified according to the terms.