Debit bad debts
Credit accounts receivable
Recovery
Debit cash /bank
Credit bad debts recovery
Debit bad debtsCredit accounts receivable
Debit bad debtsCredit accounts receivable
debit accounts receivableCredit provision for bad debts
debit bad debts accountcredit accounts receivable
You would credit the customer account and debit bad debt.
In the Journal Proper
Debit bad debtsCredit accounts receivable
Debit bad debtsCredit accounts receivable
debit accounts receivableCredit provision for bad debts
Bad debt a/c ........Dr To Debtor a/c
debit bad debts accountcredit accounts receivable
debit bad debtCredit allowance for bad debt
You would credit the customer account and debit bad debt.
Bad debts only creates from accounts receivables and no other loss is bad debt expense.
The general ledger journal entry for the uncollectible bad debt would be considered a loss in ledger. Debit the account named Bad Debt Expense for the amount and credit the account Accounts Receivable for the amount.
debit bad debts 42000credit accounts receivable 42000
Recovered Bad DebtsWhen any bad debt is recovered, twojournal entriesare passed. The first one reverses the write-off entry and the second one is a routine journal entry to record collection. Thus:Accounts Receivable70Allowance for Doubtful Debts70Cash70Accounts Receivable70