Entry for bad debt recovered in full settlement in revaluation account
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Bad debts received A/C Dr
To Bad debts A/C
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Answer:
Consumer Credit Counselling
Explanation:
Nowadays, services related to consumer credit counseling are becoming very much popular. Credit counseling mostly offers a consolidation program which is known as a DMP or debt management plan. But, in case you are looking to get out of debt specifically with the help of a professional, then it becomes very important to consider both the pros and cons of the credit counseling and consumer proposal in Ontario. https://www.reynoldshelp.ca/consumer-proposals/
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