Interested to Buy Any Domain ? << Click Here >> for more details...
Rs 45000 received from the source of bad debts which were
already declared.pass entry
- 4 Answers
- 6496 Views
- I also Faced
- E-Mail Answers
Answer Posted / joseph
Here two things can happen
1) If a co. for Bad Debts in balance Sheet (Doesn't Write off)
Then the recovery Entry Will be
Cash/ bank Dr
Bad Debts Cr
2) If the co. has written off the bad debts &
later(following year) you recover it Then the entry will be
Cash/ Bank Dr
Bad Debts Recovered A/c (Indirect Income)
| Is This Answer Correct ? | 11 Yes | 0 No |
Post New Answer View All Answers
Short Answer on ______Transaction
What is invoice accounting rules?
Can I check my Vantage credit score range online?
Where we show Service Tax Due ( Debit Balance ) in Balance Sheet?
1. Fdr mature with interest
Expand SCERT
Give the balance sheet schedules ,what is differe tax, GIVE THE RATES OF DIFFERED TAX FOR THE YEAR 2008-09
We have two mandatory qualifiers nature of accounts and balancing segment, which will balance the debit and credit and recognize the nature of accounts, my question is what other qualifiers do. Like management. Thank you.
Since the interest rates on fixed deposits are very low as compared to the other growth oriented investment options, what are the permitted investment options that a public trust like that of a private school or small credit societies have and which are permitted by charity commissioner, Mumbai
when assessing the credit proposal of a prospective borrower if he gets internal rating below the hurdle rate what will you suggest as a banker
Hi, I am doing Data Entry jobs in Accounts. please let me know "How to maintain Medical stores accounts"?
what type of questions are asking for fund administration???
When we are raised a interstate invoice then which type invoice we are raised
Expand-------MTRS
what is buy bach shares?
