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Bad debts recovered account will be transferred to______________?
Accountingmedium
ADebtor‘s Account
BProfit and Loss Account
CProvision for Doubtful Debt Account
Either B or C above When Bad debts are recovered the entry is Cash A/c …………………………………………………… Dr. To Bad debts recovered A/c This A/c can either be transferred to P& L A/c or Provisions for Doubtful Debts A/
Correct Answer: D. Either B or C above When Bad debts are recovered the entry is Cash A/c …………………………………………………… Dr. To Bad debts recovered A/c This A/c can either be transferred to P& L A/c or Provisions for Doubtful Debts A/
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