Bad Debt Bookkeeping Question

Bad Debt

Bad Debt

Where do you record bad debt?


Click here to read or post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Bookkeeping Questions and Answers.

Bad Debt

by Lisa
(SC USA)

Our business makes the following entry when a sponsorship is agreed upon. We debit Accounts Receivable and credit Deferred Revenue Sponsorships. I have an account that is uncollectable. I have made an entry to debit Bad Debt and credit Accounts Receivable. I need a debit to clear the Deferred Reveneue. What is the offsetting credit?

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Bookkeeping Questions and Answers.


Please subscribe to my monthly newsletter, Bookkeeping Basics E-zine. It tells you every month about the new information that I have added, including some great tips and advice from myself and other Bookkeeping Basics readers.

Enter Your E-mail Address
Enter Your First Name (optional)
Then

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Bookkeeping Basics E-Zine.

Like Bookkeeping-Basics.net?