You make them to undesdand when we talk about debtors we talk about what
Credit note
[Debit] Allowance for debtors account [Credit] Accounts receivable account
sundry debtors A/c........DR 1000 TO Sales A/c 1000
Credit note
You make them to undesdand when we talk about debtors we talk about what
Credit note
[Debit] Allowance for debtors account [Credit] Accounts receivable account
sundry debtors A/c........DR 1000 TO Sales A/c 1000
Credit note
No entry for opening debtors these are just transferred from previous period to current period.
Cash a/c to debtors a/c
bad debts a/c Dr To sundry debtors a/c
debit cash / bankcredit accounts receivable
Debtors are those customers who purchase goods from company on credit so no advance can be issued by debtors. on the other hand advance can be received from customers and accounting entry is as follows: [Debit] Cash / bank [Credit] Unearned revenue
debit cashcredit accounts receivable
Debtors a/c Dr. Discount expense a/c Dr. To Sales a/c