what is journal entry for Bad debts recovered
- 13 Answers
- 36071 Views
- Genpact, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / shweta
Cash a/c dr 2350
To bad debts
recovered 2350
(being B.D recovered)
Read more:
http://wiki.answers.com/Q/What_is_the_journal_entry_for_Bad_Debt_Recovery_of_2350_which_was_debited_to_the_bad_debts_recovered_account#ixzz1JQGnGrFQ
Transfer entry
Bad debts recovered a/c dr 2350
To P&L a/c 2350
(Being B.D recovered
transferred to P&L a/c)
Read more:
http://wiki.answers.com/Q/What_is_the_journal_entry_for_Bad_Debt_Recovery_of_2350_which_was_debited_to_the_bad_debts_recovered_account#ixzz1JQGuncAv
| Is This Answer Correct ? | 109 Yes | 10 No |
Answer / prakash jha
Cash A/c Dr.
to Bad Debts Recovered A/c
Transfer to P/L
Bad Debts Recovered A/c
to P/L A/c
| Is This Answer Correct ? | 29 Yes | 3 No |
Answer / sujith
Cash a/c Dr xxxxx
To Bad Debts a/c xxxx
(Being Cash received from Bad Debts)
| Is This Answer Correct ? | 26 Yes | 15 No |
Answer / nisar mc
CASH/BNAK A/C DR. 5,000.00
BAD DEBTS RECOVERY ALLOWANCES A/C CR 5,000.00
BAD DEBTS RECOVERY ALLOWANCES A/C DR 5,000.00
P & L A/C CR.5,000.00
| Is This Answer Correct ? | 0 Yes | 3 No |
Answer / bharathi
CASH/BANK A/C
TO MISCELLANEOUS INCOME
(BEING THE AMOUNT CONSIDERED ALREADY AS BAD DEBTS IN THE PREVIOUS YEAR - HENCE THAT HAS TO BE TREATED AS MISCELLANEOUS INCOME) OTHERWISE IT CAN BE ADJUSTED WITH CURRENT YEAR BAD DEBTS AMOUNT
| Is This Answer Correct ? | 0 Yes | 5 No |
Generally which method companies follow in stores? Like (FIFO,LIFO,Simple AVG,Weight AVG...)
debentures
Can anybody tell me the placement of the following ledgers in the Trial Balance 1.Loans and Advances 2.Interest on Capital 3.Customer Deposit 4.Preliminery expenses 5.Insurance claim
Any Two difference Between Debenture and bonds?
9 Answers ABG Shipyard, Ecofast, Syntel,
Short Answer on ________Adjusting Entries
what is repo rate?
147 Answers Accenture, Alstom, Birla Sun Life, Capital IQ, Corporation Bank, Dena Bank, Ernst Young, ICICI, Ing Vysya Bank, MBA, Morgan Stanley, Nabard, RBI, Sanat, Siemens, State Bank Of India SBI, TATA, UPSC,
what is the bills payble and bills receivable
Why closing stock appears both in trading and Balance sheet? Why does it doesnot appear in trail balance.
What is Direct Debit
In sap ,company code is there.1 company has only one company code or more than one? please brief
Can anybody tell what is the link b/w reporate and inflation? How these parameters vary???
What will be the entry for transfer of fixed deposit amount to their current a/c. (ie. if we hav a FD of Rs.600000 with the bank, we need to close the FD and transfer the amount to the current Account. kindly provide me the entry for this.
Audit 
