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Bad debts / dishonoured chqs
theg
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April 2013
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General AAT student discussion
What side of the T account should these appear and why?
Thanks.
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RobClarke
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April 2013
If remembered correctly, it's something like this:
Debit Bad Debts / Irrecoverable Debts (as this is an expense)
You would credit SLCA to reduce the asset.
Debit Vat as well if applicable.
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Debit Bad Debts / Irrecoverable Debts (as this is an expense)
You would credit SLCA to reduce the asset.
Debit Vat as well if applicable.