Question

journal entry for writing off bad debts

Answer 1

Here's your answer for the journal entry

Answer 2

Given"Writing off Bad debts"

This transaction affects two accounts... Debtors a/c and Bad debts a/c...
Where Debtors a/c is a Real account (all the assets and Liabilities come under it) and Bad debts a/c is a nominal a/c (all expenses losses Gains income come under it)...

The Three golden rules of accounting are

Personal Account - Debit the receiver, credit the giver

Real account - Debit what comes in ,credit what goes out..

Nominal account - Debit All expenses and losses, credit All incomes and gains

In contention with the above rules..

Bad debts being an expense should be debited and Debtor's being the Giver should be credited

The Journal Entry will be

Bad debts a/c Dr xxxx

To Debtor's a/c. xxxxx

(Being bad debts written off)