Accounting entries related to bad debts for future events??? 5

Because 1.25 million bad debts have been confirmed in the early stage.

Therefore, you only need to make up the bad debt of 1.25 million.

The two parties reached a settlement of 50,000 yuan after the balance sheet date and before the balance sheet date, and this matter is to provide further evidence of the provision for bad debts on the balance sheet date, and it is an adjustment event after the balance sheet date. The whole matter can only get back 50,000 yuan, and if you don't consider other circumstances, you need to make up for 30,000 yuan of bad debts.

On the balance sheet date, if the receivables are impaired, the "asset impairment loss" account will be debited and the "bad debt provision" will be credited according to the amount that should be written down.

1.Provision for bad debts.

Example 1] An enterprise made a total provision for bad debts of 100,000 yuan in 2008.

Debit: Asset impairment loss 100,000

Credit: Bad debt provision 100,000

Tax adjustment: The provision for bad debts of 100,000 yuan is not allowed to be deducted before tax, and the taxable income should be increased.

2.Reversal of bad debt provision.

Example 2] The balance of bad debt provision at the beginning of 2008 was 500,000 yuan, and the bad debt provision was transferred back to 300,000 yuan that year. Among them, 200,000 yuan is allowed to be deducted before tax in the year of accrual, and 100,000 yuan is not allowed to be deducted before tax.

Debit: Bad debt provision 300,000

Credit: Asset impairment loss 300,000

Tax adjustment: The provision for bad debts of 200,000 yuan allowed to be deducted before tax at the time of accrual will not be reduced when the taxable income is reversed; The provision for bad debts of 100,000 yuan, which is not allowed to be deducted before tax, shall be reduced when it is reversed.

3.Recognition of bad debt losses.

In the event of a bad debt loss, an enterprise shall report to the tax authorities for approval in accordance with the regulations, and the tax authorities shall examine and approve the amount that can be deducted before tax. Whether bad debt losses can be deducted before tax, and their tax adjustments should be treated differently.

Example 3] An enterprise suffered a bad debt loss of 150,000 yuan in 2008, of which 100,000 yuan can be deducted before tax, and 50,000 yuan cannot be deducted before tax.

Debit: Bad debt provision 150,000

Credit: Accounts receivable 150,000

Tax adjustment: The taxable income of 100,000 yuan allowed to be deducted before tax shall be reduced, and the 50,000 yuan that cannot be deducted before tax shall not be adjusted.

4.Recovering bad debts.

For receivables that have been recognized and resold and later recovered, the tax adjustment should distinguish whether they are allowed to be deducted before tax when recognizing bad debt losses.

Example 4] An enterprise recovered 250,000 yuan of bad debts in 2008, of which 200,000 yuan was allowed to be deducted before tax when the bad debts were confirmed, and 50,000 yuan was not allowed to be deducted before tax when the bad debts were confirmed.

Debit: Accounts receivable 250,000

Credit: Bad debt provision 250,000

Debit: Bank deposit 250000

Credit: Accounts receivable 250,000

Tax adjustment: Among the 250,000 yuan of bad debts recovered, the 200,000 yuan allowed to be deducted before tax at the time of confirmation shall be adjusted to increase the taxable income, and the 50,000 yuan that is not allowed to be deducted before tax shall not be adjusted for tax payment.

Note: When making tax adjustments, the difference between the provision for bad debts and the reversal cannot be used as the tax adjustment, nor can the difference between the balance at the end of the period and the beginning of the period be used as the tax adjustment, but the tax adjustment should be made differently according to the actual situation.

The bad debts of future events are the same as usual, but the property accounts to be disposed of are used, and the general situation of future events does not involve bad debt provisions, and sometimes the undistributed profits at the beginning of the year are directly adjusted.

The bad debts of the four elephants, the relevant accounting entries, the bad debts are directly proposed and written on the books when there are bad debts in advance.

Bad debt provision refers to the loss provision for accounts receivable (including accounts receivable, other receivables, etc.) made by Qizhou Shenpeiye, which is an allowance account for accounts receivable. Generally speaking, the bad debts of an enterprise will have the following situations and entries: 1. Accounting treatment of bad debt provision for the first time.

Borrow: Asset impairment loss.

Credit: provision for bad debts.

2. Accounting treatment in the event of bad debts.

Debit: Provision for bad debts.

Credit: Accounts receivable.

3. If the bad debts are recovered, the entries are, debit: accounts receivable, etc., credit: bad debt provision.

At the same time, the book is only borrowed: bank deposits, credit: accounts receivable, etc.

(1) When making provision for bad debts at the end of the year:

The provision for bad debts accrued at the end of the year is 0

Borrow: Asset impairment loss.

Credit: provision for bad debts.

The provision for bad debts accrued at the end of the year is 0

Debit: Provision for bad debts.

Credit: Asset impairment loss.

If the provision for bad debts accrued at the end of the year is 0, no accounting entries will be made.

2) In the event of bad debts:

Debit: Provision for bad debts.

Credit: Accounts receivable.

3) When bad debts are recovered:

Debit: Accounts receivable.

Borrow: Bank deposit.

or Oneness: Borrow: Bank deposit.

Credit: provision for bad debts.

Credit: Accounts receivable.

Credit: provision for bad debts.

Example] An enterprise uses the accounts receivable balance percentage method for accounting. The balance of accounts receivable at the end of 2006 was 5 million yuan; At the end of 2007, the bad debt loss was 50,000 yuan, and the balance of accounts receivable at the end of the year was 4 million yuan; In 2008, 30,000 yuan of bad debts were recovered, and the balance of accounts receivable at the end of the year was 4.5 million yuan. The provision for bad debts is 5.

The balance of accounts receivable at the end of 2006 was 5 million yuan;

Provision for bad debts accrued at the end of 2006 5,000,000 5% 250,000 (yuan).

Borrow: Asset impairment loss.

Credit: provision for bad debts.

At the end of 2007, the bad debt loss of 50,000 yuan was recognized

Debit: Provision for bad debts.

Credit: Accounts receivable.

The balance of accounts receivable at the end of 2007 was 4 million yuan

Provision for bad debts accrued at the end of 2007 4000000 5% 250000 50000 0, no accounting entries will be made.

In 2008, 30,000 yuan of bad debts that had been resold were recovered

Debit: Accounts receivable.

Borrow: Bank deposit.

Credit: provision for bad debts.

Credit: Accounts receivable.

or Oneness: Borrow: Bank deposit.

Credit: provision for bad debts.

The balance of accounts receivable at the end of 2008 was 4.5 million yuan

Provision for bad debts accrued at the end of 2008 4,500,000 5% 250,000 50,000 30,000 5,000 (yuan).

Debit: Provision for bad debts.

Credit: Asset impairment loss.

The entries of bad debts of enterprises generally include the following steps: 1. Accounting entries for bad debts:

Credit: asset impairment loss, Credit: bad debt provision.

2. When writing off the provision for bad debts that are overcharged:

Borrow: Bad debts are quasi-suspicious Liang Yingbei, credit: asset impairment losses.

3. When the enterprise actually has bad debts:

Debit: provision for bad debts, credit: accounts receivable.

4.When bad debts incurred are recovered:

1) When bad debts are reversed.

Debit: Accounts Receivable, Credit: Provision for Bad Debts.

2) When the actual slag lead receives the payment, borrow: bank deposit, credit: should be Qincong receivables.

The entries of bad debts of enterprises generally include the following steps: 1. Accounting entries for bad debts:

Credit: asset impairment loss, Credit: bad debt provision.

2. When writing off the provision for bad debts that are overcharged:

Borrow: bad debt provision, credit slag: asset impairment loss.

3. When the enterprise actually has bad debts:

Debit: provision for bad debts, credit: accounts receivable.

4.When bad debts incurred are recovered:

1) When bad debts are reversed.

Borrow: Accounts receivable, Credit: Bad debt provision.

2) When the money is actually received, borrow: bank deposit, credit: accounts receivable.

When an enterprise has bad debts, accountants usually include "credit impairment losses" and "bad debt provisions" and other accounting subjects for accounting, what should be done with the relevant accounting entries?

1. Bad debts:

Debit: Credit impairment loss.

Credit: provision for bad debts.

2. When writing off the provision for bad debts that are overcharged:

Debit: Provision for bad debts.

Credit: Credit impairment loss.

3. In the event of bad debts:

Debit: Provision for bad debts.

Credit: Accounts receivable.

4. When the bad debts are recovered

1) When bad debts are reversed.

Debit: Accounts receivable.

Credit: provision for bad debts.

2) When you receive money:

Borrow: Bank deposit.

Credit: Accounts receivable.

What is bad debt provision?

Bad debt provision refers to the provision of accounts receivable (including accounts receivable, other receivables, etc.) of an enterprise, which is a provision account. Enterprises use the allowance method for the accounting of bad debt losses. Under the allowance method, the enterprise should estimate the bad debt loss at the end of each period and set up a bad debt provision account.

The allowance method refers to the use of a certain method to estimate the loss of bad debts according to the period of potato clearance (at least at the end of each year), extract the provision for bad debts and transfer them to current expenses; When bad debts occur in real numbers, it is a treatment method to directly write off the provision for bad debts that have been accrued and at the same time resell the corresponding accounts receivable balance.

What is Accounts Receivable?

Accounts receivable refers to the amount that should be collected from the purchasing unit due to the sale of goods, products, provision of labor services and other businesses in the normal course of business, including taxes that should be borne by the purchasing unit or the receiving labor unit, packaging fees and various transportation and miscellaneous expenses paid by the buyer. In addition, factors such as commercial discounts and cash discounts should also be considered when there are sales discounts.

Accounts receivable is a creditor's right formed with the occurrence of sales behavior of an enterprise. Therefore, the recognition of accounts receivable is closely related to the recognition of revenue. Accounts receivable are usually recognized at the same time as revenue.

This account is based on the detailed accounting of different units that purchase goods or receive services.