‘If debts written off as bad are recovered subsequently it should be credited to Debtors Account'. Do you agree?
Download our app for free and get started
No. It should not be credited to Debtors Account because Debtors Account has already been credited while recording bad debts. It should now he treated as gain and be credited to ‘Bad Debts Recovered A/c'.
Download our app
and get started for free
Experience the future of education. Simply download our apps or reach out to us for more information. Let's shape the future of learning together!No signup needed.*
Ashok purchased goods from Delhi Traders for ₹ 2,00,000. As per the, if Ashok made full payment within 21 days, he will get cash discount at 2.5%. Ashok paid ₹ 1,50,000 within the stipulated time. How much discount will he get?