Accounting journal entry

1) Sundry  Creditors  A/c   Dr                4800/- 

     To  Bank                      A/c    Cr                           2976/-

     To  Sundry creditors written off    A/c  Cr                           1824/- 

(  Payment  to sundry  creditors  0.62  out of 1 rupee , balance written off ) 

2)  Bank                          A/c    Dr         350

     Bad debts                  A/c    Dr         750

     To  sundry debtors      A/c               Cr                 1000

(  Payment  received  0.35  out of rupee form debtors balance bad debts ) 

At the end of the year  bad debts & creditors  written off  will be  transfer to profit & loss a/c  

Mr  Mukherjee  will  you  please elaborate  ?.  Nomenclature ?. 

@   Dear Mr  Mukherjee   Why   should  I call  you  , If  you think  any thing wrong  then  please  explain  bellow  details . bad debts and sundry creditors  two different cases . 

I’m not sure about written off, to me,  compounding is interest payable and 

creditors dr. 4800

interest dr. 2976

To Bank 4800+2976

Similarly,

bank dr. 1350

To interest received 350

To receivables / debtors 1000

Assuming that it’s full and final settlement.