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Adjusting Entries, Part III


Bad Debts Expense.

Hindi naman kumplikado to. Kung babasahin nyo yung previous post ko about Bad Debts Expense, ganon ang procedures. Pakibasa nalang. Very Happy

recognition of expense:
(dr) Bad Debts Expense
(cr) Allow. for Bad debts

due to the wear and tear of assets, we depreciate them, to value them correctly, depending on the method which is used by the company.

ang entry lang naman ay:

(dr)Depreciation Expense
(dr)Accumulated depreciation

ayan, kung may tanong, itanong lang po, Just post or PM me, wag mahihiya ok?

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