debit mortgage payable
credit owners capital
Debit investment in other companyCredit cash / bank
[Debit] Bad debts [credit] accounts receivable
bad debts a/c Dr To sundry debtors a/c
Debit cashCredit bad debts
Profit & Loss A/c [Debit] Provision for bad debts [Credit]
Home Mortgage
Home Mortgage
home mortgage
Debit investment in other companyCredit cash / bank
No. The mortgage Company wants their money. I think a mortgage lender could more help you with this one.
[Debit] Bad debts [credit] accounts receivable
bad debts a/c Dr To sundry debtors a/c
The personal representative is not responsible for the debts. The estate pays the debts.
Debit cashCredit bad debts
“need free grants for college tution and personal debts? ” can I get free grant for personal debts?
"Limited" at the end of a company name indicates that it is a limited liability company (LLC) or a limited company (Ltd), which means the owners' personal liability for the company's debts is restricted to the amount they invested in the business. This structure protects their personal assets from being used to pay off business debts. It is commonly used in various countries to signify that the company is a separate legal entity.
Profit & Loss A/c [Debit] Provision for bad debts [Credit]