what is the journal entry for bad debts?
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Answer / aditya
Bad Debts Recovered
Cash A/c Dr. 1, 00
To Bad Debts Recovered A/c 1, 000
| Is This Answer Correct ? | 24 Yes | 5 No |
Answer / 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)
| Is This Answer Correct ? | 16 Yes | 1 No |
Answer / abdussalam
1. Bad Debts a/c Dr.
To Provision for Bad debts
for Creating Provision
2. Provision for Bad debts a/c Dr
To Debtors
for write off Debtors
| Is This Answer Correct ? | 17 Yes | 3 No |
Answer / shankar ganesh
P & L A/C DR XXXX
TO BAD DEBTS XXXX
(PROVISION FOR BAD DEBT)
BAD DEBT A/C DR XXXX
TO DEBTORS XXXX
(BAD DEBTS WRITTEN OFF) THIS IS DON FROM THE OLD PROVISION
MEANS LAST YEAR'S
IN P & L BAD DEDTS+FURTHER BAD DEBT IF ANY+NEW PROVISION
FOR BAD DEBT IF ANY-OLD PROVISION (LAST YEAR'S) WILL SHOWN
IN DEBIT SIDE. IN B/S DEBTORS-FURTHER BAD DEBTS-PROVISION
FR BAD DEBTS ON ASSET SIDE
| Is This Answer Correct ? | 14 Yes | 4 No |
Answer / seema
p&l a/c dr.
to bad debt a/c
bad debt a/c dr.
to dedtor a/c
| Is This Answer Correct ? | 14 Yes | 5 No |
Answer / sudip kundu
bad debt A/c.....Dr.
To Sundry Debtors A/c..
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / shamshad
Bad Debts A/c-dr
to Debtors A/c.....
P/l A/c Dr
to Bad Debts A/c
| Is This Answer Correct ? | 10 Yes | 1 No |
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