Payment not received from Debtos how to adjust in books
This query is : Open
Amandeep Singh
(Querist)
15 April 2021
Dear Sir
Sundry debitor has not given to us payment its more then 11 months many calls reminder but not responding please suggest in which head i crate the ledger for bad debitors written off and what is the entry in books
Sundry debitor has not given to us payment its more then 11 months many calls reminder but not responding please suggest in which head i crate the ledger for bad debitors written off and what is the entry in books
CMA Poornima Madhava
(Expert)
16 April 2021
If you are certain that you would not recover the due, then you may account it as a bad debt (indirect expenses):
Bad Debts A/c Dr
To Debtor A/c
Bad Debts A/c Dr
To Debtor A/c
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