journal entry for bad debt recover
Answer (1)
8th May, 2020
Hello
Bad debts are the losses to the company so they are on the debit side
But Bad debts recovered are the income to the company as we had recovered the bad debts
So according to accounting golden rule.
Debit the expenses and losses
Credit the incomes and gains
Hence the journal entry will be
Bank/Cash A/c. Dr
To Bad debts recovered A/c
Hope this helps
Feel free to ask your doubts in comment section
Comments (0)
