Question

Seema an old customer whose of
account was written off as back
debts, had paid Rs 250 in sette ome
of her dues - What journal Entry
will you possed for such odgust​

Answer 1

Answer:

ER

ERAmount received from debtor whose account was written of as bad debt credited to debtor's account is an error of posting. Account of debtor written off as bad debt is removed from the debtors, when such amount is received, it is credited to bad debts recovered account, because that account is no longer a part of debtors. For the rectification debtor's account is debited to cancel the entry and bad debts recovered account is credited to show the original entry.

ERAmount received from debtor whose account was written of as bad debt credited to debtor's account is an error of posting. Account of debtor written off as bad debt is removed from the debtors, when such amount is received, it is credited to bad debts recovered account, because that account is no longer a part of debtors. For the rectification debtor's account is debited to cancel the entry and bad debts recovered account is credited to show the original entry.In the case, X's account will be debited for rectification to cancel the entry passed and bad debts recovered account will be credited to record the correct entry.