what is journal entry for Bad debts recovered
Answer Posted / bharathi
CASH/BANK A/C
TO MISCELLANEOUS INCOME
(BEING THE AMOUNT CONSIDERED ALREADY AS BAD DEBTS IN THE PREVIOUS YEAR - HENCE THAT HAS TO BE TREATED AS MISCELLANEOUS INCOME) OTHERWISE IT CAN BE ADJUSTED WITH CURRENT YEAR BAD DEBTS AMOUNT
| Is This Answer Correct ? | 0 Yes | 5 No |
Post New Answer View All Answers
Expand---------PED
how to do finalisation account ,pls tell me step by step ?
EXPAND___________INMA
difference between contra entry and double entry?
what is meant by qurum
Harpithas due Rs 55000 was settled infull by taking Haris due Rs 12500 in adjustment Pass necessary entry
why do think you are best candicate for this post.
Short Answer on __________Revenue
HI i have been shortlisted for the Syndicate bank PO post. Can any one guide me about the interview questions..and answers?
Where we show Service Tax Due ( Debit Balance ) in Balance Sheet?
Give a brief explanation of the fundamental accounting concept of prudence
what are all the formulas used in bank to calculate their economy
How can someone prepared for Syndicate Bank Interviw? Do interviewer going to ask any aptitude questions or will it be similar to other PO Interviews? Answers solicited..
Can you explain about the distinction of Book-Keeping and Accounting
Which element do you need to enter during document posting to distinguish between international and local GAAP (generally accepted accounting principle)?(any 2 answer) • Account group for the account approach • Ledger for the ledger approach • Ledger group for the ledger approach • Account for the account approach