easy5 pts · first answer countsreceivables

Writing off a bad debt

A customer who owes ₹12,000 has gone bankrupt and nothing will be recovered. No provision exists for this customer. What is the entry?

A.Debit Bad debts expense, credit Customer (trade receivable)B.Debit Customer, credit Bad debts expenseC.Debit Sales, credit CashD.No entry; keep the balance in case they pay later

Discussion 0

Join free to post in the discussion.

Writing off a bad debt

Discussion 0

Related questions