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

Post New Answer

More Accounting General Interview Questions

what is holding cost

2 Answers   bscpl,


hi i m an mba finance fresher. i need an oppurtunity to grew up my life ambitions. please tell me what are the sources to fulfill it. i got distinction in mba finance in the andhra university campus..please suggest me or show me a way to get an oppurtunity in your companies

1 Answers  


what is bill payable?

3 Answers  


WHAT IS CORE ACCOUNTING, GROUP CONSOLIDATION ? CONSOLIDATED ENTRY. COULD YOU GIVE ME AN EXAMPLE

0 Answers   HSBC,


What is the method to determine / set the credit limit for the customer ?

3 Answers   Genpact,






when we compare to bank statement with the our pass book the enteries are opposite why this happens?

1 Answers  


if u sale an asset for 10000, which has a book value of 8500. what will be the journal entry???

4 Answers   ACS, EXL,


what is difference between capital reserve n reserve capital?

3 Answers  


please give a journal entry for purchase order

1 Answers   Cap Gemini, IBM,


what is the rate of purchasing computer goods from Gujarat, with C form, and what is the rate to sale it in Diu (Union Territory).

1 Answers   ASD Lab,


how go make jaggery sales and purchace bill in tally 7.2,jaggery lumbs comes in different weight not fixxed weight and i want stock in lumbs and bill amount in rupees (exp.lumbs/weight/rate/amount-1000/102.50/2500/256250)

0 Answers  


Which of the following statement is not true: (a) If del-creder’s commission is allowed, bad debt will not be recorded in the books of consignor (b) If del-creder’s commission is allowed, bad debt will be debited in consignment account (c) Del-creder’s commission is allowed by consignor to consignee (d) Del-creder’s commission is generally relevant for credit sales

2 Answers  


Categories