Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 11 - No. 45)
To write off an irrecoverable debt, Bring the trade receivable balance into the account, you must ____.
Debit the lack of income
Credit the lack of income
Debit the balance on the account
Credit the balance on the account
Explanation
You must debit the lack of income.
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