Business Studies, asked by MohammadArbaj, 1 year ago

what is the journal of bad debts

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Answered by riyahegde30

Answer:

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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