HCl ==> H(+) + Cl(-) (ii) as a colourless fuming gas. The polar covalent gas Hydrogen Chloride is very soluble in Water. In aqueous solution, the molecule exists in ionic form, as the positively charged Hydrogen Ion, H(+), and the negatively charged Chloride Ion, Cl(-).
You determine that a customer who owes you $180 is never going to pay. To write off the debt, reduce both accounts receivable and the allowance by the amount of the bad debt -- $180. You now have an accounts receivable balance of $19,820 and an allowance of $120. Net accounts receivable remains the same: $19,700.hey do this by taking bad-debt expenses and performing write-offs. A bad-debt expense anticipates future losses, while a write-off is a bookkeeping maneuver that simply acknowledges that a loss has occurred.
If you fail to make payments on your credit card, the credit card company may declare your debt uncollectable. This is referred to as a credit card debt write-off (also called a credit card charge-off).Writing off a debt allows a credit card company to report it as a loss and reduce its tax liability.y writing off your debt, the credit card company gets to deduct it as a loss on its financial statements and tax returns. This lowers the creditorâs taxable income and results in a reduced tax liability.