WAEC - Accounts Principles Of Accounts (2010 - No. 21)
Bad debts written off is shown as
debit in the sales ledger
debit in the purchases ledger
credit in the sales ledger
credit in the purchases ledger
Explanation
The journal entry is a debit to the bad debt expense account and a credit to the accounts receivable account. (Remember your account receivables are credit sales that is the sales journal)
Comments (0)
