debit retained earnings/cash / bank
credit patent account
journal entry to write off a loan
example suman moters of rs 10000 is write off then what is the entry
debit Retained earningscredit loan to company
Debit bankCredit retained earnings
Debit retained earnings / amortizationCredit goodwill account
Debit notes payableCredit cash /bank
Debit amortization of financing costCredit financing cost
debit owners equitycredit purchases
Debit bank accountCredit retained earnings
debit bad debtscredit notes receivable
debit loss of assetscredit fixed asset account
Debit bad debtsCredit accounts receivable