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.
In the United States, also known as GAAP, are used for this purpose. GAAP is a set of accounting standards that provide guidelines and define procedures set by the accounting professional organizations, and are used to prepare the financial statements of a company.lthough, the purpose of GAAP and AASB is to bring effectiveness in the accounting operations so that reliable and relevant financial statements are made available to the stakeholders, yet, there are certain differences between them. Some differences are discussed below.