Scribd
Upload
18 views2 pages

Aging Analysis: Customers A/C Rec Balance Not Yet Due

The document provides an aging analysis of customer accounts receivable balances and calculates bad debt expense. It lists customer balances and amounts not yet due, then calculates uncollectable amounts. It provides a write off policy by aging period and calculates bad debt expense based on applying the policy to aged receivable balances.

Uploaded by

uzma qadir
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
18 views2 pages

Aging Analysis: Customers A/C Rec Balance Not Yet Due

The document provides an aging analysis of customer accounts receivable balances and calculates bad debt expense. It lists customer balances and amounts not yet due, then calculates uncollectable amounts. It provides a write off policy by aging period and calculates bad debt expense based on applying the policy to aged receivable balances.

Uploaded by

uzma qadir
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 2

Aging Analysis

Question
Customers A/C Rec Balance Not yet Due
Aslam 60,000 30,000
Ahmed 85,000 35,000
Fasih 50,000 18,000
Farhan 72,000 30,000
TOTAL BALNCE 267,000 113,000
UNCOLLECTABLE RATE 2%
UNCOLLECTABLE AMOUNT 19,660 2,260

Write off policy


Not Yet Due 2%
1-30 Days 5%
31-60 Days 10%
61-90 Days 15%
Over 90 days 30%

CALCULATION FOR BAD DEBT EXPENSE


ENDING ALLOWANCE 19,660
LESS OPENING ALLOWANCE 7000
INCREASE ALLOWANCE / BAD DEBT EXPENSE 12,660
Aging Analysis

1-30 Days 31-60 Days 61-90 Days Over 90 Days


15,000 10,000 2,000 3,000
20,000 10,000 12,000 8,000
16,000 6,000 6,000 4,000
17,000 9,000 12,000 4,000
68,000 35,000 32,000 19,000
5% 10% 15% 30%
3,400 3,500 4,800 5,700

Opening Allowance 7,000 Credit Balance

ENTRIES
BED DEBT EXPENSE 12,660
ALLOWANCE FOR BAD DEBT 12,660

You might also like