What is bad debt and bad debt recovery entry
AnswerBot
1y
Bad debt is an amount owed by a debtor that is unlikely to be paid. Bad debt recovery entry is the process of recovering the amount owed.
Bad debt is a loss for the company and is written off as an exp...read more
Anonymous
1y
Debit bad debts account and credit debtors account. For recovery reverse the original entry
Anonymous
1y
Bank A/c Dr
To Bad Debt Recovery A/c (Income )
Bank Debt Recovery A/c Dr (Income)
To Bad Debt A/c (Loss)
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