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Accounts Receivables: To Mr. Zulfiqar
Accounts Receivables: To Mr. Zulfiqar
To
Mr. Zulfiqar
From
Najmus-Saquib Khan
Accounting
中级会计学
Receivables
Receivables
Write Off:
Bad Debts Expense……………. 400
Accounts Receivable………. 400
To write off an uncollectible account.
Cash……... 400
Accounts Receivable…………………… 400
To record receipt of a previously written off account.
Receivables
(5,000-1,000)
Example
Assets Equities
Current Assets: Liabilities:
Accounts Receivable 5,000 Advance from customer 1,000
Less: All. For bad debt (600)
Net Realizable Value 4400
Assets Equities
Current Assets: Liabilities:
Accounts Receivable 5,000 Advance from customer 1,000
Less: All. For bad debt (500)
Net Realizable Value 4500