Question

Journalise the following transaction :
a) rupee 7,000 due from Ashish are irrecoverable.

Answer 1

Answer:

bad debts a/c dr

to ashish a/c

Answer 2

Answer:

1ST entry

Bad debts A/C     Dr       7000

   To Ashish                             7000

2nd entry

P & L A/C       Dr           7000

  To Bad Debts  A/C                7000