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Journal

This query is : Resolved 
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(Querist)
06 June 2020 Kindly advise bad debts journal entry and its under which head

Give me in examples to understand
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c.bakshi

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c.bakshi (Expert)
07 June 2020 BAD DEBT CHARGED UNDER PROFIT & LOSS ACCOUNT UNDER INDIRECT EXPENSE.
BAD DEBT AC
TO CUSTOMER AC
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farook

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farook (Querist)
07 June 2020 kindly advise how to write off the entry for bad debts and comes in which head ?
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c.bakshi

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c.bakshi (Expert)
09 June 2020 ALREADY ANSWERED ABOVE. BAD DEBT SHOULD BE TRANSF. TO P&L A/C
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