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Bad debts recovered is:
Accountingmedium
Credited to P&L A/c
BDebited to P&L A/c
CReduced from debtors in Balance Sheet
DAdded 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.
Correct Answer: A. Credited to P&L A/c
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