If a borrower is declared bankrupt then in which head BAD DEBTS of the borrower would be showed at the end of the year in the books of borrower?

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Shazia Anees
19-May-2015

Accounting Year End Accounts Year End Close Bank Accounting

Question ajoutée par Faisal Shahzad , Branch Operation Manager , Al Baraka Bank (Pakistan) Limited
Date de publication: 2014/04/03

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par Amit Falnikar , Group Finance Manager , Transmak Dewatering Services LLC

Funds would be written off the receivables in the lender's books. As per concept of prudence, following entry would be passed in the books of a lender:-

Dr. Bad-Debts expenses xxx

Cr. Borrower (Receivable) xxx

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