Journal Entry

Bad debts are nominal accounts. Journal entry for bad debts Bad debts a/c Dr. xxxx To Customer a/c xxxx

Rupa Devi Akkala

CA Final

★ 37K+

18-Aug-22 21:49

To Debtor / Customer a/c

Rupa Devi Akkala

CA Final

★ 37K+

18-Aug-22 21:49

Bad debts is a nominal account in nature.Any expenses/loss is to be debited,so debiting bad debts a/c.We will reverse the debtor a/c by crediting it . Bad debts a/c Dr. To debtors a/c

Shankari C

CA Inter

★ 12K+

18-Aug-22 22:25

***Bad debts account are nominal accounts used to minimize the amount of accounts receivable on the income statement ***Record the journal entry by debiting bad debt expense and crediting allowance for doubtful accounts. When you decide to write off an account, debit allowance for doubtful accounts and credit the corresponding receivables account. I hope it helps you

Balachandar S

CA Inter

★ 59K+

18-Aug-22 22:53