Rs 45000 received from the source of bad debts which were already declared.pas

Rs 45000 received from the source of bad debts which were
already declared.pass entry

Question Posted / satyaki_raju@yahoo.com

4 Answers
6544 Views
I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

Rs 45000 received from the source of bad debts which were already declared.pass entry..

Answer / joseph

Here two things can happen
1) If a co. for Bad Debts in balance Sheet (Doesn't Write off)
Then the recovery Entry Will be

Cash/ bank Dr
Bad Debts Cr

2) If the co. has written off the bad debts &
later(following year) you recover it Then the entry will be
Cash/ Bank Dr
Bad Debts Recovered A/c (Indirect Income)

Is This Answer Correct ?

11 Yes

0 No

Rs 45000 received from the source of bad debts which were already declared.pass entry..

Answer / joseph

Is This Answer Correct ?

4 Yes

0 No

Rs 45000 received from the source of bad debts which were already declared.pass entry..

Answer / ravindra

bad debts a/c dr
to profit & loss a/c

Is This Answer Correct ?

0 Yes

0 No

Rs 45000 received from the source of bad debts which were already declared.pass entry..

Answer / abhishek

baddabts recoverd a/c dr.45000
to profit/loss a/c 45000

Is This Answer Correct ?

1 Yes

6 No

Post New Answer

More Accounting AllOther Interview Questions

what about the company background?

5 Answers Capital IQ,

How to reduce axis bank Emi ?

0 Answers Axis,

what is the difference between valuation class and valuation area in sap FICO

1 Answers Cap Gemini,

What is the difference between the Invoice and Bill?

4 Answers Karvy,

What is venture capital?

13 Answers Capital IQ,

We did promotion activity for X co that co is our client ( S Dr) which we sold tickets through our vendor through out north india ... But those vendors adjusted cash with thir bill and remaining balance we received ,, Ticket amount we paid from our co Bank A/c to our client (S Dr) .the amount is too huge so how can i sort out this in books of acconts ..............

0 Answers

Short Answer on _________National Debt

1 Answers

Company has 10000 shares, issued dividend of 10rs, tax 25% what is total net profit ?

5 Answers Franklin Templeton,

what is a contra entry how it is passed in journal and cashbook

5 Answers

purchase car from toyota innova 50000 cheque from one firm and 449893 from other firm.... and 1350000 loan saction from kotak mahindra.....how can entry make with interest

0 Answers KMS,

explain the matching concept and what is the deffered revenue expendiature and how it related into matching concept.

1 Answers

Which is the better corporate business entity to chose for tax advantages - C Corp or S Corp?

1 Answers

For more Accounting AllOther Interview Questions Click Here