What is the entry for bad debts recovered
Answers were Sorted based on User's Feedback
Answer / chandan_70036
Bank A/c Dr.
To Bad Debt Recovered A/c
(Being bed debt recovered)
Bad Debt Recovered A/c Dr.
To Profit & Loss A/c
(Being bad debt recovery transfered to P & L A/c)
| Is This Answer Correct ? | 9 Yes | 2 No |
Answer / sandeep kumar sharma
Cash A/c dr
To BedDebt Recovred A/c
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / andrew tereb
Account Receivable Dt
Allowance for doubtful accounts Ct
Cash Dt
Account Receivable Ct
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / venkatreddy
bad debts a/c dr
to detors a/c
(being bad dets)
| Is This Answer Correct ? | 0 Yes | 4 No |
Dear sir , 1-what is diffrence local tax & vat 2 -what is sales tax. tds. service tax challan & return due date(monthly & quartly, annually) 3- what is deprecation rate in company act 4-what is income tax latest limit-
0 Answers InTarvo Technologies,
What is mutual fund what is derivatives what is capital market what is TDS.breifly
what is Penal account
what is share
Our is a banking Activity, one person is supplying printing advertisement sheet of our product, whether he is liable to deducte TDS @ 1%
suppose total salaries paid is 10000, 1000 is outstanding. how & which amount will shown in receipts & payment, income & expenditure and balance sheet accounts
what do you mean by derivative ?
Tell me what are things will not be included in bank reconciliation statement?
Tell me what are the activities that includes in cash flow statement?
Do you know what are trade bills?
how to pass year entry for incomtat payment.
what is difference between rebate and discount? generally in bill of exchange accounting