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