What is the entry for bad debts recovered
Answers were Sorted based on User's Feedback
Answer / chandan_70036
Bank A/c Dr.
To Bad Debt Recovered A/c
(Being bed debt recovered)
Bad Debt Recovered A/c Dr.
To Profit & Loss A/c
(Being bad debt recovery transfered to P & L A/c)
| Is This Answer Correct ? | 9 Yes | 2 No |
Answer / sandeep kumar sharma
Cash A/c dr
To BedDebt Recovred A/c
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / andrew tereb
Account Receivable Dt
Allowance for doubtful accounts Ct
Cash Dt
Account Receivable Ct
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / venkatreddy
bad debts a/c dr
to detors a/c
(being bad dets)
| Is This Answer Correct ? | 0 Yes | 4 No |
We have an boat manufacturing company .we customer order one boat the cost is 1130 .we have received advance 500 balance he will give after giving boat can you give me journal entry cash A/c Dr 500 customer A/c Dr 630 To Sales 1130 is this entry is correct ?if not please give me exact entry
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