Bad Debts Recovered

A firm may be able to recover a debt that was previously written off. The following entries will be made if this happens: Debit – Debtors Credit – credit bad …

Bad & Doubtful Debts

Some debtors may not pay up their accounts for various reasons e.g. a debtor may go out of business. When a debtor is not able to pay up his/her account …

Prepaid Expenses

A prepaid expense is an expense that is not payable but cash has already been paid. A prepaid expense should not be charged in the P&L a/c but should be …

Prepaid Income

This is income that is not yet due but cash has been received for it. This happens where an income is payable in advance e.g. Rent payable 3 months in …

Research Methods

Research Methods Topic Selection The term “topic” refers to subject, issue or area under discussion. The topic (subject) one selects to research is essential in the success of the research …

FORMS OF QUALITATIVE RESEARCH

RESEARCH METHODS FORMS OF QUALITATIVE RESEARCH Qualitative research include the following: Ethnographies, which are observations of groups. Phenomenological studies which study subjects over a period of time through developing relationships …

Disposals of Assets

A firm may dispose off its non-current assets in the following 3 ways: Selling the asset.  Asset being written-off from damage/accident/theft. Asset is scrapped/not used anymore. When an asset is …