Should restructuring charges be classified as an operating expense or as a nonoperating expense?
Bad Debts was created in 1996.
[Debit] Bad debts [credit] accounts receivable
bad debts a/c Dr To sundry debtors a/c
Nonoperating Income
Debit Bad Debts Credit Provisions for Bad Debts
Should restructuring charges be classified as an operating expense or as a nonoperating expense?
Bad Debts was created in 1996.
The ISBN of Bad Debts is 0732258162.
Bad Debts has 297 pages.
Nonfunctional. Broken.
[Debit] Bad debts [credit] accounts receivable
yes
bad debts a/c Dr To sundry debtors a/c
Bad debts DR Allowance for doubtful debt CR Some accounting practioners may use provison for doubtful debts instead of allowance for doubtful debts. Example of bad debts, suppose a customer was unable to pay their debts totalling $150. This will be the journal entry for the transaction: Bad debts 150 Allowance for doubtful debts 150
Nonoperating Income
Debit cashCredit bad debts