The question shows"Net total debtors at year end"and"Irrecoverable debts are written off debtors account as they become knowm."
means debtor
deduct the bad debts already or
stil include bad debt??
Accounting---Bad debts
2010-03-28 2:13 am
回答 (2)
2010-03-28 3:31 am
✔ 最佳答案
The total debtors balance is shown in net i.e. Gross amount - Irrecoverable Debts, For example, if the gross debtor balance is $100 and it is likely that a doubtful debt of $30 will incurred, the debtor balance will then be $100-$30=$70, 
2010-03-28 5:49 am
Bad debt written off means they are physically being removed from the debtors' list and charged as an expense in P/L.
Net debtors at year end implied that it is the GROSS DEBTORS less Provision for Doubtful Debts and will not include any debtor which is known to be irrecoverable.
Hope it clarifies!
Net debtors at year end implied that it is the GROSS DEBTORS less Provision for Doubtful Debts and will not include any debtor which is known to be irrecoverable.
Hope it clarifies!
收錄日期: 2021-04-25 20:31:54
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