Bad debts recovery profit or loss ?
This query is : Resolved
karunakara
(Querist)
29 October 2014
bad debts recovery profit or loss ?
CA Parul Saxena
(Expert)
29 October 2014
Bad debts recovery is profit earned as when you have booked bad debts then you have charge it against profit similarly recovery of the same is profit recovered which was earlier written off.
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