Accountancy, asked by sunilkange7, 1 year ago

2500 received as bad debts recovered

Answers

Answered by megha190
1

Answer:

Pls elaborate your question. what do you want to say.

Answered by sujiritha95
3

Answer:

Journal entry

Cash or bank A/c   Dr    2500

       To Bad debts recovered  A/c    2500

(being  bad debts recovered  received)

Explanation:

Bad debts recovered  a/c - nominal account , its income to the company therefore its credited

cash a/c - real account , where cash comes in therefore its debited

bank a/c - personal account , banker receives the cash therefore its debited

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