if say bad debts which already written off recovered during the year then what should be the journal entry/entries tobe pass
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Ans me
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cash dr
to bad debt recovered account
this bad debt recovered will be the income of the year in which they are received.
thanks
Digant is absolutely right. In case you wish to see a video on journal entries I am giving here a link which you can watch.
https://www.youtube.com/watch?v=dG2xEXq57iQ
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