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what is journal entry for Bad debts recovered

Answers were Sorted based on User's Feedback



what is journal entry for Bad debts recovered..

Answer / 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

Is This Answer Correct ?    109 Yes 10 No

what is journal entry for Bad debts recovered..

Answer / guest

CASH A/C DR.
BAD DEBTS RECOVERED A/C

Is This Answer Correct ?    42 Yes 6 No

what is journal entry for Bad debts recovered..

Answer / prakash jha

Cash A/c Dr.
to Bad Debts Recovered A/c

Transfer to P/L
Bad Debts Recovered A/c
to P/L A/c

Is This Answer Correct ?    29 Yes 3 No

what is journal entry for Bad debts recovered..

Answer / sujith

Cash a/c Dr xxxxx
To Bad Debts a/c xxxx
(Being Cash received from Bad Debts)

Is This Answer Correct ?    26 Yes 15 No

what is journal entry for Bad debts recovered..

Answer / anil

cash a/c dr.
to bad debts recoverd a/c

Is This Answer Correct ?    2 Yes 0 No

what is journal entry for Bad debts recovered..

Answer / nisar mc

CASH/BNAK A/C DR. 5,000.00
BAD DEBTS RECOVERY ALLOWANCES A/C CR 5,000.00

BAD DEBTS RECOVERY ALLOWANCES A/C DR 5,000.00
P & L A/C CR.5,000.00

Is This Answer Correct ?    0 Yes 3 No

what is journal entry for Bad debts recovered..

Answer / 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

what is journal entry for Bad debts recovered..

Answer / manoj

cash a/c DR
to bad debt a/c

Is This Answer Correct ?    5 Yes 12 No

what is journal entry for Bad debts recovered..

Answer / e-mail id

bad debts a/c dr
to,debtor a/c

Is This Answer Correct ?    1 Yes 16 No

what is journal entry for Bad debts recovered..

Answer / e-mail id

bad debts a/c dr
to,debtor a/c

Is This Answer Correct ?    2 Yes 21 No

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