Answer Posted / umer farooq

journal entry will be



Bad debts A/c...........Dr. xxx.
To Debtor A/c xxx.

(being bad debts occured)

closing entry will be


P&L A/c................Dr. xxx.

Bad debts A/c xxx.
(being bad debts transferred to p&l A/c)


And if we have the Account of provision for bad debts then
we will close bad debts to provision for bad debts.

Provision for bad debts A/c.....Dr. xxx.
Bad debts A/c xxx.
(being bad debts transferred to provision)

P&L A/c....................Dr xxx.
provision for bad debts A/c xxx.
(being provision transfer to P&L A/C)

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