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)
(5616 Points)
Replied 08 October 2024
Yasaswi Gomes new
(Finance )
(4520 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.
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