Income statement with adjustments | The Provision for Bad Debts | Principles of Accounts | CSEC PoA HD

This video shows how to calculate the figure for the provision for bad debts that goes in the income statement in three scenarios: - The creation of the provision - An increase in the provision - A decrease in the provision This is the second video in a series on how to prepare income statements with adjustments. To see the previous video where I show to adjust the income statement figures for accrued and prepaid revenues and expenses check this video out: https://youtu.be/B2_FQL3oYHg To see how to prepare the trading section of an income statement check out this video: https://youtu.be/AVBbMiIYUW4 To see how to deal with the provision for bad debts t-account check out this video: https://youtu.be/qw4pDDut8xI To see how to prepare t-accounts for expenses and revenues then check out these videos: Expenses - https://youtu.be/AvIW3i5LgEk Revenues - https://youtu.be/Qpkqnvb--Zk Follow us on Facebook for FREE solutions to PoA, Maths, and Add Maths past papers - fb.me/adapttuition.com Follow us on Instagram for jokes, tips, and motivation. Thank you so much for watching! If you have any questions please leave them in the comments below! Stay awesome!