Question

seema was an old customer whose account be written off as bad debt had paid 2500 ina settlement of her dues what journal entries will u passed from adjustment​

Answer 1

Answer:

cash a/c -Dr. 2500

bad debt recovered a/c-Cr. 2500

Explanation:

it applies when a person's a/c has been written off under bad debt..then when he pays the amount get recovered resulting in increase in cash and bad debt a/c is credited because it is income..and rule says debit all expenses and loses and credit all incomes and gains..

Hope it helps u!