Receivable

Afdd: cadangan piutang tak terbayarkan

Per 1 januari 2020

AR 50,000
AFDD (2,500)
NRV 47,500

Example
1. Sales on account Rp 100.000
journal
Account receivable 100,000
sales 100,000

2. sales return =10000

Journal
sales return 10,000
AR 10,000

3. Collection of AR= 90000, discount= 5000

journal
Cash 85,000
sales discount 5,000
AR 90,000
4. AR yang tidak dapat ditagih dikarenakan customer mengalami kebangkrutan
sebesar 2000
Journal
Metode: Allowance method writte-off Direct method write-off
AFDD 2,000 Bad debt expense
AR 2,000

5. Menerima pembayaran dari pellanggan yang sebelumnya sudah dihapuskan

Journal
Metode: Allowance method writte-off Direct method write-off
Cash 1,000 Cash
AFDD 1,000

Per 31 december 2020

AR 50,000
AFDD (1,500)
NRV 48,500

Meotde 1: Aging schedule

Per 31 dec 2020, perusahaan mempersiapkan "aging schedule" untuk membuat estiamasi afdd yang baru
Aging schedule = analisa umur piutang

Aging schedule per 31 Dec 2020 :

Description Not Due Due Due Due
Due 1-30 31-60 61-90 >90
days days days days
A/R 28,500 4,000 4,000 5,000 8,500
% Estimated
Uncollected 2% 3% 4% 3.50% 10%
Total uncollected 570 120 160 175 850

Per 31 dec 2020 :

Journal to create new AFDD :
Bad debt expense 375
AFDD 375

adjusted balance per 31 Dec 2020 :

A/R 50,000
AFDD (1,875)
NRV 48,125

Meotde 2: % of sales
At the end of year
per 31 dec 2020 before adjustment
AR 50,000
AFDD (1,500)
NRV 48,500

Company estimated that AFDD was 1% of net sales during 2020

Calculating net sales during 2016 :

Sales 100,000
Sales return (10,000)
Sales discount (5,000)
Net sales 85,000

Creating new AFDD :

1% x 85.000 = 850

Journal to create AFDD :

Bad debt expense 850
AFDD 850

adjusted balance per 31 Dec 2020 :

A/R 50,000
AFDD (2,350)
NRV 47,650
ect method write-off
d debt expense 2,000 bad debt expense piutang yang tak tertagih
AR 2,000

ect method write-off

1,000
bad debt expense 1,000

dd yang baru

Total
50,000

1,875