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What is the Journal entry for Bad Debt recovered.
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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)
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Answer / siddharth
cash a/c will be debited and bad debt return a/c will be
credited
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