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what is the journal entry for bad debts?
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Answer Posted / santhosh
We have pass the Two entry.
Bad debts A\c Dr XXXX
To Debtors A\c XXXX
(Being the bad debts adjusted in Debtors A\c)
P&L A\c Dr XXXX
To Bad Debts A\c XXXX
(Being the bad debts consider the Loss)
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