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Supposed we raised the Bill to the party last year. Next
year party refused to pay the bill. Now I want write off
the ledger of that party. How i make journal entry?
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Answer Posted / nishant jain
Party (x Ltd.) Dr.
To Sales A/c
(Being bille raised against sales)
Bad Debts A/C Dr.
To Party (x Ltd.) A/c
(Being amount not recovered from paty and became bad debts)
P&L A/C Dr.
To Bad debts A/C
(Being bad debts written off)
| Is This Answer Correct ? | 12 Yes | 1 No |
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