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
- 6524 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 ? | 4 Yes | 0 No |
Post New Answer View All Answers
What is the rule on a school who will be handled by anither school? How do I calculate the royalty per year to the school who will supervise a new school
Hello to every body ... Its not its not a interview question In accounting field can we make Money ?
What is pre-paid amount? What is post-paid amount? Explain received in advance? Explain paid in advance?
what is difference between account and accounting
Can I check my Vantage credit score range online?
company's total overhead expense is containing which are the expenses? Definition of overhead expense.
Nike,Inc. has developed a variable-overhead rate of $10 per machine hour,and estimates fixed overhead $250,000 for production up to 100,000 units per year. If the production manager estimates 9,000 machine hours for the production of 90,000 units next year, what are estimated variable-overhead costs?
Who to create a budget on software company
SOUTH ATLANTIC OIL AND GAS INC.is a fraud company
Why you want to leave your present job while they offer you with good offer?
how history is helpful for banking?
what is pre post expenses
why you want to join the banking and finance industry?
Where we show Service Tax Due ( Debit Balance ) in Balance Sheet?
How to dived the persons AOP, AJP, BODY OF INDIVIDUALS,HUF,COMPANY-NON RESIDENT, COMPANY RESIDENT LOCLA AUTHORITY,PARTNERSHIP FIRM(meaning)
