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Bad debt a/c ........Dr
To Debtor a/c
Wiki User
∙ 13y ago
Wiki User
∙ 9y agodebit bad debts
credit accounts receivable
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What danger did merchants face in the 1800?
Losing their business as a result of bad debts.
Why did economist warn against the harshness of the treaty of the Versailles?
They feared that the world's economy would collapse if Germany could not repay its war debts.
Why did parliament dislike Charles?
Parliament disliked Charles because:- He was somewhat a bighead who made a lot of bad decisions and thought he could do what he liked because his right to rule came from God.- He kept asking them for money to pay his debts.- They suspected he was a Catholic.- He annoyed them by ruling without them for 11 years- He tried to arrest 5 leading MPs.
Did the Great Depression start with a suicide?
No, but when the great depression started there were suicides as a result. In those days many suddenly found that they were in poverty unable to pay their debts, they had nowhere to turn, for some this was too much so they jumped out of the window. Today they protect their own assets and go bankrupt (its a pity but so long as I am still driving around in a limo its not that bad).
What dangers did farmers faced in the 1880s?
Farmers faced loosing their land because of hardships in paying their loans.
What is journal entry of bad debts?
[Debit] Bad debts [credit] accounts receivable
What is the journal entry for bad debts written off and later realized?
Debit cashCredit bad debts
Is there any journal entry for bad debts?
Debit bad debtsCredit accounts receivable
What is the journal entry of Reversal of provisions of bad debt?
debit accounts receivableCredit provision for bad debts
How do you prepare an adjusting journal entry to record bad debts expense?
Bad debts DR Allowance for doubtful debt CR Some accounting practioners may use provison for doubtful debts instead of allowance for doubtful debts. Example of bad debts, suppose a customer was unable to pay their debts totalling $150. This will be the journal entry for the transaction: Bad debts 150 Allowance for doubtful debts 150
What is the journal entry of cash paid for Rs 3000 becomes bad debts?
Bad debts only creates from accounts receivables and no other loss is bad debt expense.
Journal entry for bad debt and recovery?
Debit bad debtsCredit accounts receivableRecoveryDebit cash /bankCredit bad debts recovery
How do you prepare the adjusting journal entry to write off bad debt?
debit bad debts accountcredit accounts receivable
What is the journal entery for the bad dabt account?
Bad debts are used to reduce the actual accounts receivable so the general entry is as follows: [Debit] Bed debts xxxx [Credit] Accounts receivable xxxx
What is the journal entry for 42000 dollars in uncollectable debt with an accounts receivable of 960750?
debit bad debts 42000credit accounts receivable 42000
Increase provision for bad debts what is double entry?
Debit Bad Debts Credit Provisions for Bad Debts
When there is an allowance for bad debts on the balance sheet the journal entry for writing off an account receivable is?
debit bad debtCredit allowance for bad debt
