Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 13 - No. 31)
An account has a debit balance of $10,000. The allowance for doubtful accounts also has a debit balance of $200. To record the estimate for doubtful debts will ____
Debit the bad debts account.
Credit the bad debts account.
Debit the allowance for doubtful debts account.
Credit the trade receivable account.
Explanation
Credit the bad debts account.
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