having low blood glucose levels without the usual warning signs; have ketones from high blood glucose levels; How Do I Check? After washing your hands, insert a test strip into your meter. Use your lancing device on the side of your fingertip to get a drop of blood. Touch and hold the edge of the test strip to the drop of blood, and wait for the result. Your blood glucose level will appear on the meter's display.
There are two methods to account for bad debt: 1  Direct write off method (Non-GAAP) - a receivable which is not considered collectible is charged directly to the income statement. 2  Allowance method (GAAP) - an estimate is made at the end of each fiscal year of the amount of bad debt.
The Allowance for Doubtful Accounts, or ADA, also known as the bad debt reserve, is the method by which companies can anticipate the losses associated with bad debts. This is done by incorporating the ADA into Profit and Loss Statements (P&L). Read on to learn more about how to properly utilize the ADA.