Rs 45000 received from the source of bad debts which were
already declared.pass entry
- 4 Answers
- 5154 Views
- I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
When is the profession tax applicable? Is there a liability on the employer to pay PT? What is the amt of PT in case salary exceed Rs. 10,000/- pm
In OD Account How Many Interest Paid or Not? and second CC Account How Many Interest Paid or Not?
I am going to attend an interview for the post of jr. Accounts Officer in airport authority of india,pls help me to prepare for the interview??
Expand---------PED
loss of pay for a employee when he is not having single leave bal. in his account that time what is the calculation 2) what exactly the days to be considered i.e. 26 days or 27 days i.e. to arrive at salary per day what exactly the days to be divid
What are Corporate Action?
what is a depository?
Which Exchange determine Foreign ?
Who to create a budget on software company
what is Accounting Standers?
whether financing to Bulk Milk Coolers comes under CMA under Agriculture or Non Farm Sector
what is new updates in account
sir,how to get strong position in finance .how to get good position in company. qulification.Msc,MBA
Short Answer on ______________House Rent allowance
how to calculate share values of a company.
