what is the journal entry for bad debts?
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Answer Posted / seema
p&l a/c dr.
to bad debt a/c
bad debt a/c dr.
to dedtor a/c
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your parents have lent you $20,000 to buy a car and have told you to pay it back whenever you like in conceptual framework
Prepare a trial balance from the following :- Particulars Amount Particulars Amount Rs. Rs. Purchases 8225 Premium on lease 1200 Wages 1025 Loan on mortgage 2500 Sales 12450 Plant & machinery 2000 Arun's capital 13500 Provisn for doubtful debts 300 Stock on 1/1/98 1500 Sundry debtors 16550 Salary 410 Trade charges 200 Rent & taxes 162 Bad debts 200 Sundry creditors 2572
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