What are accounting entries for bad debts recovered?
...What are accounting entries for bad debts recovered?
Debit debtor's account, credit bad debts recovered account
Credit debtor's account, debit bad debts recovered account
Debit debtor's credit sales account
Credit debtor's account, debit sales account
Credit cash account, debit sales account
Correct answer is A
No explanation has been provided for this answer.
Given: N6 000 10% preference shares of N0.50 each N6 000 ordinary shares of N1 each Capital res...
In company accounts, profit after tax is shared in the ...
Balance as par overdraft of the cashbook is ₦4000 ,uncredited cheque is ₦2300, bank charges ₦3...
Receipts and Payment Account (Extract) &nbs...
Tei Ltd offered 1,560 units of magazines at N60 each. Trade discount is 10% and cash discount ...
"The Accountant thinks the investment in the books are worthless". This is ...