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what is the journal entry for bad debts?
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Answer Posted / appu prasad
Bad debts a/c Dr
To Debtors a/c
(opening entry)
If bad debts recovered then the closing entry will be
Bank a/c Dr
To Bad debts a/c
(Closing Entry)
Entry for Bad debt recovered
Bad debts recovered a/c
To Profit and loss a/c
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