Recall the bad debts

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

15 April 2018 Dear sir
I need some clarification list out below please give any one solution..
we close the one account for bad debts entry passed to close the account due to customer not give the money, so we close the account in last financial year. But he sent the amount in this financial year how can I adjust the amount .

Nikhil Kaushik

Nikhil Kaushik (Expert)
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15 April 2018 do bank A/c Dr to Bad Debts recovered A/c

Expert : Anonymous

Expert : Anonymous (Expert)

16 April 2018 Yes.. Enter as a income head.

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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16 April 2018 to the other experts - if you are sure your answer is correct, please don't keep the query open.

Mahenthiran

Mahenthiran (Querist)
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16 April 2018 we pass the journal entry or receipt entry sir

Nikhil Kaushik

Nikhil Kaushik (Expert)
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16 April 2018 already told you what entry to pass...

Mahenthiran

Mahenthiran (Querist)
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16 April 2018 sorry sir, thank u

Nikhil Kaushik

Nikhil Kaushik (Expert)
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16 April 2018 you are most welcome....

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Expert : Anonymous

Expert : Anonymous (Expert)

17 April 2018 In mobile App "No resolved option. If replied then it is also open query"... If "Bad Debts" accounted in Profit and Loss account (Expenditure)... After its recovered then account in Profit and Loss account (Income)... Also I replied agree with the 1st reply and only reply the accountability of income head...

Expert : Anonymous

Expert : Anonymous (Expert)

17 April 2018 In mobile App a query posted as anonymous... If any one attend the query as same way then it's taken also anonymous reply... Please try....