Business Studies, asked by MohammadArbaj, 11 months ago

what is the journal of bad debts

Answers

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.

Explanation:

Previous Question

Next Question

Similar questions

English, 6 months ago

the sun had set and it had become cool (simple past tense)...

Business Studies, 6 months ago

Yaman had started a sugar factory in Muradnagar 3 years back. He pays wages to the male workers at a rate which is much lower than the minimum wage rate prescribed by the Govt. & he employs child labour also to further reduce labour cost. Moreover the working conditions in this factory are inappropriate as there is lack of hygiene etc. His business has always faced the...

Math, 6 months ago

please tell me fast and I will make him him brainiest who will give the answer first ...

Math, 11 months ago

A cylinder with base radius of 8cm and height of 2cm is melted to form a cone of height 6cm. find the radius of the cone...