Post by admin1 on Feb 10, 2006 17:05:15 GMT -5
There are some questions as following confused us,
1. Should a laser Printer and office supplies entry Office equipment or Expense?
2.Which account does the$500 of A/R which be decided to write off entry ? If entry to Bad Debt Expense, shall we entry like
Dr. Bad debt Expense................500
Cr. Allowance for uncollectible account....500 ?
Why we don't entry like
Dr. Allowance for uncollectible Account..........500
Cr. Accounts Receivable....................................500?
Look forward your reply as soon as possible.
Appreciate.
Hiuwai Tam
1. Laser Printers are equipments. Office Supplies are expenses.
2. Cr. Accounts receivable
1. Should a laser Printer and office supplies entry Office equipment or Expense?
2.Which account does the$500 of A/R which be decided to write off entry ? If entry to Bad Debt Expense, shall we entry like
Dr. Bad debt Expense................500
Cr. Allowance for uncollectible account....500 ?
Why we don't entry like
Dr. Allowance for uncollectible Account..........500
Cr. Accounts Receivable....................................500?
Look forward your reply as soon as possible.
Appreciate.
Hiuwai Tam
1. Laser Printers are equipments. Office Supplies are expenses.
2. Cr. Accounts receivable