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What is the Journal entry for Bad Debt recovered.

Answers were Sorted based on User's Feedback



What is the Journal entry for Bad Debt recovered...

Answer / durga

Answer:
Transaction Entry

Cash a/c dr 2350
To bad debts
recovered 2350
(being B.D recovered)


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)

Is This Answer Correct ?    10 Yes 0 No

What is the Journal entry for Bad Debt recovered...

Answer / siddharth

cash a/c will be debited and bad debt return a/c will be
credited

Is This Answer Correct ?    2 Yes 0 No

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