Should restructuring charges be classified as an operating expense or as a nonoperating expense?
Bad Debts was created in 1996.
[Debit] Bad debts [credit] accounts receivable
Nonoperating Income
bad debts a/c Dr To sundry debtors a/c
Should restructuring charges be classified as an operating expense or as a nonoperating expense?
Debit Bad Debts Credit Provisions for Bad Debts
The ISBN of Bad Debts is 0732258162.
Bad Debts was created in 1996.
Nonfunctional. Broken.
Bad Debts has 297 pages.
yes
[Debit] Bad debts [credit] accounts receivable
Nonoperating Income
bad debts a/c Dr To sundry debtors a/c
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
Debit cashCredit bad debts