Accounting treatment
This query is : Resolved
24 January 2012
Mr. A recieved 2000 from a debt previously written as bad but such money was not brought in the business because it was kept by mr. A in his own pocket. What will be the accounting treatment?
24 January 2012
Need to credit as Other income
24 January 2012
MR. A a/c DR....
To BAD DEBT RECOVERED(P&L)
To BAD DEBT RECOVERED(P&L)
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