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A bad debt occures when a customer doesn't pay to the company, the company has to consider this as an expense as payment will not be received, so:
Debit the Bad Debt Expense and take this to Income Statement expenses(overheads).
Credit the Receivables In the balance Sheet as bad debts means customer will not pay, so you are decreasing your receivable asset which normally is a debit becaused of being an asset but to decrease the asset, do the opposite, i.e. Credit it.
Debit: Bad Debt Expense (Income Statement)
Credit: Receivables (Balance Sheet)
What else can I help you with?
Where does Michael Morpurgo write?
he layed on his bed to write his books
How do you write take before bed in a prescription?
You write it like this, "Take before bed."
How is bed linen judged for quality?
STATE THE PURPOSES OF CHANGING BED LINEN? PREPARE THE EQUIPMENT REQUIRED FOR CHANGING BED LINEN? STATE THE PURPOSES OF CHANGING BED LINEN? PREPARE THE EQUIPMENT REQUIRED FOR CHANGING BED LINEN?
What do you mean buy bed debt?
I think the question should be 'buy bad debt'. You buy bad debts at a deep discount and make money when the debt was actually paid.
What is the definition of the term bad debt expense?
The definition of the term bed debt expense, is when a creditor for example, has made every reasonable effort to collect the debt, but has failed to do so.
How do you write bed in Chinese?
床
What do you write for bed in Sanskrit?
For 'bed', 'shay-ya' is used in Sanskrit.
Did Rihanna write California king bed?
yes
How do you disable a BMW 530 Alarm so the car can be flat bed shipped?
disconnect battery ,but before doing so write down any codes required eg radio code etc
Do stereos write their own songs?
ya about your mom in her bed with me
Post angiography with portal pressure measurements is bed rest required?
yes
Does a regular exterminator have to get certified for bed bug extermination?
There is no certification for bed bug extermination. Exterminators are not required to have licenses but it can show that they have at least minimal skills.
