How baddebts received effects in trial balance and
balancesheet
Answer / mudunoori
If bad debts Received, it will affect the Profit and loss
account. It wont affect balance Sheet. bad Debts will be
allowed as deduction from total income. If received in next
it will be taken in to P&L account under other income.
Is This Answer Correct ? | 8 Yes | 0 No |
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