Bad debts previously written off, now recovered is recorded in
options:
a)Total Debtors account
b)Total Creditors account
c) Cash book
d)None of the above
2 Replies
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5128 Points)
Replied 08 October 2024
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 11 October 2024
It is treated as revenue if deduction in write off is claimed. Only for banking and financial institutions, it is taken from provisions.
Recent Topics
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
- Query on Transactions
- Two GSTN under different PAN in same address
Related Threads
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
