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In case the Bad debt is recovered what should be the entry
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AnswerBot
1y
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If bad debt is recovered, the entry should be a reversal of the original bad debt write-off entry.
Create a journal entry to reverse the original bad debt write-off entry
Debit the bad debt recovery acc...read more
sowmya j
1y
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Create a journal entry to reverse the original bad debt write-off entry.Debit the bad debt recovery account for the amount recovered
Gopal Agarwal
1y
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Cash/Bank A/c Dr.
To Baddebts recovered A/c
(Being bad debts recovered)
Baddebts recovered A/c Dr.
To P&L A/c
(Being bad debts recovered transferred to P&l a/c)
Myaka suman
2y
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Cash a/c Dr.
To bad debt a/c
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