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what is the entry for bad debts?

Answers were Sorted based on User's Feedback



what is the entry for bad debts?..

Answer / shravan kumar

bad debts a/c dr.
to debtors a/c.

Is This Answer Correct ?    89 Yes 4 No

what is the entry for bad debts?..

Answer / tarun chhabra

Bad Debt A/c Dr. (Created under the Indirect Exp.in Tally)
to Debtor Cr. (under the head Sundry Debtor in Tally)

Is This Answer Correct ?    56 Yes 8 No

what is the entry for bad debts?..

Answer / shaheen

Bad Debts A/c dr.
To Debtors A/c
(Actual Bad debts recorded)

Provision for doubtful debts A/c. dr
To, Bad bebts A/c.
(Transfering Bad debts to Provision for doubtful debts)

P&L a/c dr.
To, Provision for doubtful debts A/c
(Provision for doubtful debts made on debtors)

Cash A/c Dr.
To, Bad debts recovered a/c
(bad debts recovered and written off)

Is This Answer Correct ?    30 Yes 5 No

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