How baddebts received effects in trial balance and
balancesheet



How baddebts received effects in trial balance and balancesheet..

Answer / mudunoori

If bad debts Received, it will affect the Profit and loss
account. It wont affect balance Sheet. bad Debts will be
allowed as deduction from total income. If received in next
it will be taken in to P&L account under other income.

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