what is the journal entry for bad debts?

Answer Posted / mukesh ledwani

bad debts a/c dr
to
debtors a/c
(opening entry)

p&l a/c dr
to
bad debts a/c
(closing entry)

Is This Answer Correct ?    86 Yes 6 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is the script forms standard text in fico

2226


what is Contra Asset?

11401


Can you explain about the distinction of Book-Keeping and Accounting

1527


a) What are the Golden Rules of Accounting? What are the 14 Principles of Accounting

1651


What is the difference between Balance Sheet , Chart Of Accounts and trial Balance?

2162






what is forecast

1113


Expand---------PSRT

1575


What is the basic difference between pledge, hypothication and mortgage????

1831


does MIS reports are used in Tally n Focus software? if yes how it is used in focus software? for AR n AP

1727


interest paid comes under which head

1029


what is CDD’s configuration

1763


intorduse your self ? what to say if iam fresher.

2089


Let me know the difference between cash flow and free cash flow

1580


Expand-------ANC

1780


Expand---------PDBC

1488