1.0The Training Place of Excellencehttps://www.thetrainingplace.org/blogttpAdminhttps://www.thetrainingplace.org/blog/author/ttpadmin/rich600338<blockquote class="wp-embedded-content" data-secret="a5Dpu62Wpl"><a href="https://www.thetrainingplace.org/blog/2016/08/bad-debt/">BAD DEBT</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.thetrainingplace.org/blog/2016/08/bad-debt/embed/#?secret=a5Dpu62Wpl" width="600" height="338" title="“BAD DEBT” — The Training Place of Excellence" data-secret="a5Dpu62Wpl" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); //# sourceURL=https://www.thetrainingplace.org/blog/wp-includes/js/wp-embed.min.js </script> Scenario: You work for Jules Ltd and a customer’s invoice of £440 has been outstanding for over 1 year and management have decided to write this off as bad debt and the company is not VAT registered.  Double entry posting: DR: Bad Debt account                    £440 CR: SLCA/ Debtors accounts        £440 Reason: In writing off ... Read Morehttps://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEihGsasA_FtzM_nFmKXyS5Q3LNAG65V-fwpLvz1Xm0ZoVO06Nwp8ymgyfHKci1mUGCfZWHvvPyL8fERhrVfIWawFXuIc7b-qPTyY-uYbGnhGEHJPpUIVqm-b73oYT3vCUXI0leI3PAMlmk/s1600/image+1.png