Accountancy, asked by nidhar3shapr, 1 year ago

What is the journal entry for bad debt.

Answers

Answered by MVB
2
The entry to write off the bad account is done as follows---
1) a credit to Accounts Receivable to remove the amount that is not collected
2) a debit to Bad Debts Expense of the amount of the loss on the company's income statement
Answered by Aashnarajput683ô4ú
1
Small things are always beautiful. If mje something over creative it looks very dull but if we making it simple it looks beautiful
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