Accountancy, asked by roshankadu011pabdic, 10 months ago

In order to arrive at trade receivables is bad debt reserve deducted from debtors.?? ​

Answers

Answered by sibi61
7

Hi buddy

When a specific receivable is declared a bad debt, the accounting transaction is a debit to the bad debt reserve and a credit to the accounts receivable account. The bad debt reserve is designed to be an offset only to the trade receivables account.

Answered by kavitajota
9

No, it should not be deducted from debtors

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