what is journal entry for Bad debts recovered
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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 |
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 |
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 |
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 |
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 |
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