bad debts a/c Dr
To sundry debtors a/c
[Debit] Bad debts [credit] accounts receivable
Debit cashCredit bad debts
Profit & Loss A/c [Debit] Provision for bad debts [Credit]
Debit bad debtsCredit accounts receivable
Journal entries are recorded as soon as financial transaction occures while adjusting entries are made to rectify the previously made journal entries.
Bad Debts
[Debit] Bad debts [credit] accounts receivable
Debit cashCredit bad debts
Profit & Loss A/c [Debit] Provision for bad debts [Credit]
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 bad debtsCredit accounts receivable
Journal entries are recorded as soon as financial transaction occures while adjusting entries are made to rectify the previously made journal entries.
Bad debts only creates from accounts receivables and no other loss is bad debt expense.
debit accounts receivableCredit provision for bad debts
what the journal entries of stationery at hand
Journal entries are those entries which are recorded first time when any transaction occured while adjusting entries are only recorded when there is any adjustment required in previously created journal entry.
Bad debt a/c ........Dr To Debtor a/c