Accounting · Journal Entries
Which of the following is the correct journal entry to write off an irrecoverable debt?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Debit Irrecoverable Debts Account, Credit Receivables Account✓
- 2Debit Receivables Account, Credit Irrecoverable Debts Account
- 3Debit Irrecoverable Debts Account, Credit Bank Account
- 4Debit Sales Account, Credit Irrecoverable Debts Account
Correct answer
Debit Irrecoverable Debts Account, Credit Receivables Account
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