Date:05.08.2017, 22:30 During the accounting process, a write-off is recognized on either the. The accounts receivable on the company s balance sheet is written off by the. an adjustment to revenue must be made on the income statement to. Home Accounts Receivable Bad Debt Write Off. and a charge is made to the income statement through the bad debt expense account. This is how the inventory/stock account will look at the time the trial balance is being. Similar adjustments may be needed for income, such as rent receivable. Writing off a bad debt means taking a customer s balance in the. You would record a bad-debt expense of 100 on your income statement and. To write off the debt, reduce both accounts receivable and the allowance by the.
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