What is the entry for bad debts recovered
- 10 Answers
- 11139 Views
- Core Logic, Libra International, I also Faced
- E-Mail Answers
Answer Posted / chandan_70036
Bank A/c Dr.
To Bad Debt Recovered A/c
(Being bed debt recovered)
Bad Debt Recovered A/c Dr.
To Profit & Loss A/c
(Being bad debt recovery transfered to P & L A/c)
| Is This Answer Correct ? | 9 Yes | 2 No |
Post New Answer View All Answers
WHICH QUESTIONS ASKED IN EPFO IN 2009.
Which steps in Procurement to Pay process does FI documents get created.
What is account receivable?
get fixed assets items
Explain me the difference between accounting and auditing?
Tell me what would you say are the most important qualities of an account manager?
What is the abbreviation for the accounting terms debit and credit?
how to solve cashbook question
WHETHER CAPITAL RESERVE CREATED OUT OF SALE OF FIXED ASSETS OVER AND ABOVE THE COST BE TRANSFERED TO PROFIT AND LOSS ACCOUNT
How do I charge bank charges on payments to clients
How to make a vat entry in books including setoff?
Are you comfortable with cold-calling?
What is the general classification of accounts that usually ledger account involve?
From the following particulars taken on 31 December, 1995, you are required to prepare a bank reconciliation statement to reconcile the bank balance shown in the Cash Book with that shown in the Pass Book: (i) Balance as per Pass Book on 31 December, 1995, O/D Rs 1,027. (ii) Four cheques drawn on 31 December but not cleared till January are as follows: Rs 12; Rs 1,021; Rs 98; and Rs 113. (iii) Interest on O/D not entered in Cash Book Rs 51. (iv) Three cheques received on 30 December and entered in the bank column of the Cash Book but not lodged in bank for collection till 3 January next: Rs 1,160; Rs 2,100; and Rs 2,080. (v) Cost of cheque book, Pass Book, etc; Rs 1.50 entered twice erroneously in Cash Book in November. (vi) A Bill Receivable for Rs 250 due on 29 December, 1995 was passed to the bank for collection on 28 December, 1990 and was entered in Cash Book forthwith whereas the proceeds were credited in the Pass Book only in January following. (vii) Chamber of Commerce subscription Rs 10 paid by bank on 1 December, 1990 had not been entered in the Cash Book. (viii) Bank charges of Rs 5 had been debited in the pass book twice erroneously. . . . plz be fast
How do you maintain accounting accuracy?
