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irrecoverable debt expense t account and P and loss

Former userFormer user7y ago

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John MoffatJohn MoffatTutor7y ago#1
But we always close off expense accounts to the Profit and Loss account!! Credit the expense a/c and debit the Profit and Loss a/c. You clearly are not bothering to watch the free lectures!! (And, of course, you cannot ever be required to write up any t-accounts in the exam, even though you are tested on your understanding of double entry)
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