CHAPTER 9: BOOK OF ORIGINAL ENTRY: SPECIFIC ENTRIES, ASSIGNMENT # 11
LEARNING OUTCOMES: Recording of Transactions with Specific Entries: After going through this lesson, you shall be able to understand the concept related to ' Entries for some specific transactions '. Some Specific Entries Bad Debts : If any amount that was recoverable is not realised or is partially realised, then the amount not realised is a loss to the business and is regarded as Bad Debts. It is recorded as follows. (1) When the full amount is not recovered Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs) Bad Debts A/c Dr. xxx To Debtor’s A/c xxx (Amount not recovered written off as bad debts) (2) When part of debt is not recovered Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs) Cash A/c Dr. xxx Bad Debts A/c ...