Accountancy, asked by eywidhpadhpa, 11 months ago

What does write off further bad debts mean ???(proper explantation please)

Answers

Answered by heya1270
12

Answer:

When money owed to you becomes a bad debt, you need to write it off. Writing it off means adjusting your books to represent the real amounts of your current accounts. To write off bad debt, you need to remove it from the amount in your accounts receivable. Your business balance sheet will be affected by bad debt.

Answered by gauravarduino
3

Explanation:

When money owed to you becomes a bad debt, you need to write it off. Writing it off means adjusting your books to represent the real amounts of your current accounts. To write off bad debt, you need to remove it from the amount in your accounts receivable. Your business balance sheet will be affected by bad debt.

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