Accounts ch11
Do bad debts get subtracted from debtors in balance sheet why or not? write the cases or conditions and also give reasons.
Answers
Answered by
0
Answer:
yes
Explanation:
bad dubts gets Subtracted from debtors in balance sheet
Answered by
2
Answer:
Yes
Explanation:
Bad debts are those debts which are not duly met by the debtor. So, to know the exact amount of cash received from debtors, the bad debts are subtracted from debtors in the Balance Sheet.
ty009:
I also asked
to mention cases in which
when. Bad debts don't get subtracted from debtors balance sheet
plz mention both the cases
the bad debts occur due to death, insolvency or insanity of the debtor
by editing your ans.
Bro ,You're right about the Bad debts will be subtracted from the debtors cause now they become irrecoverable but Debtors are like the Assets of the business if the money would be received from the them won't recognizable in the balance sheet because if all the money would be received from the debtor then debtors account would be nullify so there wouldn't be any bal.left of debtors to show in B/S So they are not receive they are yet to be received!
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