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Which side does a debt sit on in double entry?

Updated: 8/19/2019
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12y ago

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Debit Bad Debt Expense. Credit Allowance For Doubtful Accounts (a contra-asset account on the Balance Sheet). Before you do the double entry for the bad debts recovered, you have to reinstate the debt by making the following entries:- Dr. debtors account Cr. bad debts recovered account after this, you will...

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Q: Which side does a debt sit on in double entry?
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