Accounting – 4.4 Irrecoverable debts and provision for doubtful debts | e-Consult
4.4 Irrecoverable debts and provision for doubtful debts (1 questions)
Login to see all questions.
Click on a question to view the answer
Journal Entry
Date | Account Name | Debit (£) | Credit (£)
| 2023-12-28 | Bad Debts Expense | £2,000 | |
| Debtors (Gamma Ltd) | £2,000 |
Explanation: To record the irrecoverable debt to Gamma Ltd, reflecting the adjusted amount.
Ledger Account - Debtors (Gamma Ltd)
Debtors (Gamma Ltd)
| Date | Particulars | Debit (£) | Credit (£) |
| 2023-03-15 | Initial Balance | ||
| 2023-12-28 | Bad Debts | £2,000 | |
| Balance | £0 |