doubtful debt now rec'd
Hi all - please help with the sage entries - having a mental block!!!!!!!!!!
TB for yr end Jan 11 included prov for d debt in sum of £250 & customer was included in the debtors list.
Customer duly paid up in October this year and I used the 'cust' button on the bank accounts to receive the money & clear the customers outstanding balance.
Now looking at my trial bal for this year end Jan 12 and need to clear the prov for d debt off as it has of course been paid.
Can someone confirm please that I should debit provision for d debts and credit ???????????????
Many thanks in anticipation!
I have also asked this in the SAGE discussion forum.