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what is journal entry for Bad debts recovered
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Answer Posted / shweta
Cash a/c dr 2350
To bad debts
recovered 2350
(being B.D recovered)
Read more:
http://wiki.answers.com/Q/What_is_the_journal_entry_for_Bad_Debt_Recovery_of_2350_which_was_debited_to_the_bad_debts_recovered_account#ixzz1JQGnGrFQ
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)
Read more:
http://wiki.answers.com/Q/What_is_the_journal_entry_for_Bad_Debt_Recovery_of_2350_which_was_debited_to_the_bad_debts_recovered_account#ixzz1JQGuncAv
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