what is journal entry for Bad debts recovered
Answer Posted / bharathi
CASH/BANK A/C
TO MISCELLANEOUS INCOME
(BEING THE AMOUNT CONSIDERED ALREADY AS BAD DEBTS IN THE PREVIOUS YEAR - HENCE THAT HAS TO BE TREATED AS MISCELLANEOUS INCOME) OTHERWISE IT CAN BE ADJUSTED WITH CURRENT YEAR BAD DEBTS AMOUNT
| Is This Answer Correct ? | 0 Yes | 5 No |
Post New Answer View All Answers
why should we are preparing BRS
what are the difference between banking institutions and financial institutions?
the total of a firm id a rs.6.4 lakh.he has gross profit margin 15% curre ratio of rs.2.5 the firm current libility is rs.96000,inventry, rs.48000 and cash rs 16000. determine the average inventry of firm iss 5 times determine the avg collectin period of opening balance.
What are direct income and indirect income
what is corporate accounting?
what is sales life cycle???
What do you think you do well?
A specially designed interview book on interviews for accounting Jobs . Pl send your mail addresses for despatch
what is meant by virus
1.explain the accounting concepts ? 2.what are the objectives of preparing a trail balance ?
What is the treatment of Capital Work in Progress as per the International Accounting Standards.
please send me last 3 years question & solution
Expand SCERT
what is debit/credit note ? what deffered income and expencess?
.,can someone tell me how to compute the subscribed capital share?