Bad debts recovered is:

A. Credited to P&L A/c
B. Debited to P&L A/c
C. Reduced from debtors in Balance Sheet
D. Added to debtors in Balance Sheet

Bad debts earlier written–off and later recovered is a profit to the firm and hence they
are transferred to Profit & loss Account.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x