Accountancy, asked by thakurmanisha5673, 3 months ago

Provision For bad and doubtful debts

Answers

Answered by hashmita1904

Explanation:

Record the journal entry by debiting bad debt expense and crediting allowance for doubtful accounts. When you decide to write off an account, debit allowance for doubtful accounts. The amount represents the value of accounts receivable that a company does not expect to receive payment for.

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