Recall the bad debts


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Querist : Anonymous

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Querist : Anonymous (Querist)
15 April 2018 Dear sir
I need some clarification list out below please give any one solution..
we close the one account for bad debts entry passed to close the account due to customer not give the money, so we close the account in last financial year. But he sent the amount in this financial year how can I adjust the amount .

15 April 2018 do bank A/c Dr to Bad Debts recovered A/c

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Expert : Anonymous

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Expert : Anonymous (Expert)
16 April 2018 Yes.. Enter as a income head.

16 April 2018 to the other experts - if you are sure your answer is correct, please don't keep the query open.

Mahenthiran (Querist)
16 April 2018 we pass the journal entry or receipt entry sir

16 April 2018 already told you what entry to pass...

Mahenthiran (Querist)
16 April 2018 sorry sir, thank u

16 April 2018 you are most welcome....

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Expert : Anonymous

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Expert : Anonymous (Expert)
17 April 2018 In mobile App "No resolved option. If replied then it is also open query"... If "Bad Debts" accounted in Profit and Loss account (Expenditure)... After its recovered then account in Profit and Loss account (Income)... Also I replied agree with the 1st reply and only reply the accountability of income head...

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Expert : Anonymous

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Expert : Anonymous (Expert)
17 April 2018 In mobile App a query posted as anonymous... If any one attend the query as same way then it's taken also anonymous reply... Please try....


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