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.
How to Use the GAAP Allowance Method. No matter how careful any business is in extending credit, there will always be some customers that will not pay their bills. This bad debt must be written off by the business as a loss and a reduction in its accounts receivables and as an added expense since the debt will not be collected.