Here Answer will be $140
opening balance of Doubtful Allowance Account is $760
Doubtful Allowance account will increase by $120 due to reinstate of previously written off bad debts
Doubtful Allowance Account will decrease by $740 due to write off Bad debts
DOUBTFUL T ACCOUNT BEFORE YEAR END ADJUSTMENT WILL APPEAR AS FOLLOWING
DOUBTFUL ALLOWANCE ACCOUNT | |||
DEBIT | CREDIT | ||
ACCOUNT RECEIVABLE | $ 740 | OPENING BALANCE | $ 760 |
(FOR WRITE OFFS) | ACCOUNT RECEIVABLE | $ 120 | |
CLOSING BALANCE | $ 140 | (FOR REINSTATED DEBTS) | |
$ 840 | $ 840 |
FEEL FREE TO ASK ANY CLARIFICATION IF ANY REQUIRED KINDLY PROVIDE FEED BACK BY THUMBS UP IF SATISFIED IT WILL BE HIGHLY APPRECIATED
THANK YOU
helpppp 4G Phon Google Translate C Log in to Clever btful Accounts should be! No results...