48 Views

journal entry for bad debt recover


Amrita 8th May, 2020
Answer (1)
ANUJA 8th May, 2020

Hello

Bad debts are the losses to the company so they are on the debit side

But Bad debts recovered are the income to the company as we had recovered the bad debts

So according to accounting golden rule.

Debit the expenses and losses

Credit the incomes and gains

Hence the journal entry will be

Bank/Cash A/c.            Dr

To Bad debts recovered A/c

Hope this helps

Feel free to ask your doubts in comment section


Related Questions

Amity University-Noida B.Desi...
Apply
Among top 100 Universities Globally in the Times Higher Education (THE) Interdisciplinary Science Rankings 2026
UID B.Des Admissions 2026
Apply
1200+ Recruiters for Placements | 30+ International Collaborations | 45+ Advanced Labs and Studios
Pearl Academy B.Des Admission...
Apply
No. 1 Design & Fashion Institute by ASSOCHAM, India Today, Outlook and The Week rankings
UPES B.Des Admissions 2026
Apply
Ranked #45 amongst Universities in India by NIRF | Ranked #1 in Academic Reputation in India by QS World University Rankings
RV University, Bangalore | B....
Apply
Integrative learning through a multidisciplinary process. Ranked Best Young Universities amongst Karnastaka
Woxsen University Design Admi...
Apply
Ranked 2nd in the IIRF 2023 Design School Ranking | Approved by AICTE | Highest CTC 13 LPA | Application Deadline: 20th Jan'26
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books