CHINA MEDIA INC. - FORM 10-K - XML - IDEA: XBRL DOCUMENT - October 11, 2012

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EXCEL - IDEA: XBRL DOCUMENT - CHINA MEDIA INC.Financial_Report.xls
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v2.4.0.6
Note 2. Summary of Significant Accounting Policies: Accounts Receivable (Policies)
 12 Months Ended
Jun. 30, 2012
Accounts Receivable:  
Accounts Receivable

Accounts Receivable

 

Accounts receivable are stated at the amount management expects to collect from outstanding balances. Management provides for probable uncollected amounts through a charge to earnings and a credit to an allowance for bad debts based on its assessment of the current status of individual accounts. Balances are still outstanding after management has used reasonable collection efforts are written off through a charge to the allowance for bad debts and a credit to accounts receivable. There was no bad debt expense recorded for the years ended June 30, 2012 and 2011.

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