CA Foundation Exam > CA Foundation Questions > Accounting for partial recovery from Mr. C of...
Start Learning for Free
Accounting for partial recovery from Mr. C of an amount of Rs. 2,000 earlier written off as bad debt.
- a)Journal Proper (General journal)
- b)Sales book
- c)Purchase book
- d)Cash Book
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Accounting for partial recovery from Mr. C of an amount of Rs. 2,000 e...
Journal Entry for Partial Recovery of Bad Debt:
The journal entry for the partial recovery of bad debt from Mr. C would be as follows:
Date | Particulars | Debit | Credit
|Bad debts recovered account | Rs. 2,000 |
|Cash Account | | Rs. 2,000 |
Sales Book:
There is no entry required in the Sales book for the partial recovery of bad debt.
Purchase Book:
There is no entry required in the Purchase book for the partial recovery of bad debt.
Cash Book:
The entry for the partial recovery of bad debt from Mr. C in the Cash Book would be as follows:
Date | Particulars | V. No. | Debit | Credit | Balance
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| |Bad debts recovered account | | Rs. 2,000 | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| |Total | | | Rs. 2,000 |
In the Cash Book, we would debit the Bad Debts Recovered account and credit the Cash account with the amount of Rs. 2,000. This entry would be recorded on the same day when the cash is received from Mr. C.
The journal entry for the partial recovery of bad debt from Mr. C would be as follows:
Date | Particulars | Debit | Credit
|Bad debts recovered account | Rs. 2,000 |
|Cash Account | | Rs. 2,000 |
Sales Book:
There is no entry required in the Sales book for the partial recovery of bad debt.
Purchase Book:
There is no entry required in the Purchase book for the partial recovery of bad debt.
Cash Book:
The entry for the partial recovery of bad debt from Mr. C in the Cash Book would be as follows:
Date | Particulars | V. No. | Debit | Credit | Balance
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| |Bad debts recovered account | | Rs. 2,000 | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| |Total | | | Rs. 2,000 |
In the Cash Book, we would debit the Bad Debts Recovered account and credit the Cash account with the amount of Rs. 2,000. This entry would be recorded on the same day when the cash is received from Mr. C.
Free Test
FREE
| Start Free Test |
Community Answer
Accounting for partial recovery from Mr. C of an amount of Rs. 2,000 e...
Bad debts only found when we prepare cash book.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
Accounting for partial recovery from Mr. C of an amount of Rs. 2,000 earlier written off as bad debt.a)Journal Proper (General journal)b)Sales bookc)Purchase bookd)Cash BookCorrect answer is option 'D'. Can you explain this answer?
Question Description
Accounting for partial recovery from Mr. C of an amount of Rs. 2,000 earlier written off as bad debt.a)Journal Proper (General journal)b)Sales bookc)Purchase bookd)Cash BookCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Accounting for partial recovery from Mr. C of an amount of Rs. 2,000 earlier written off as bad debt.a)Journal Proper (General journal)b)Sales bookc)Purchase bookd)Cash BookCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Accounting for partial recovery from Mr. C of an amount of Rs. 2,000 earlier written off as bad debt.a)Journal Proper (General journal)b)Sales bookc)Purchase bookd)Cash BookCorrect answer is option 'D'. Can you explain this answer?.
Accounting for partial recovery from Mr. C of an amount of Rs. 2,000 earlier written off as bad debt.a)Journal Proper (General journal)b)Sales bookc)Purchase bookd)Cash BookCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Accounting for partial recovery from Mr. C of an amount of Rs. 2,000 earlier written off as bad debt.a)Journal Proper (General journal)b)Sales bookc)Purchase bookd)Cash BookCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Accounting for partial recovery from Mr. C of an amount of Rs. 2,000 earlier written off as bad debt.a)Journal Proper (General journal)b)Sales bookc)Purchase bookd)Cash BookCorrect answer is option 'D'. Can you explain this answer?.
Solutions for Accounting for partial recovery from Mr. C of an amount of Rs. 2,000 earlier written off as bad debt.a)Journal Proper (General journal)b)Sales bookc)Purchase bookd)Cash BookCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Accounting for partial recovery from Mr. C of an amount of Rs. 2,000 earlier written off as bad debt.a)Journal Proper (General journal)b)Sales bookc)Purchase bookd)Cash BookCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Accounting for partial recovery from Mr. C of an amount of Rs. 2,000 earlier written off as bad debt.a)Journal Proper (General journal)b)Sales bookc)Purchase bookd)Cash BookCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for Accounting for partial recovery from Mr. C of an amount of Rs. 2,000 earlier written off as bad debt.a)Journal Proper (General journal)b)Sales bookc)Purchase bookd)Cash BookCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of Accounting for partial recovery from Mr. C of an amount of Rs. 2,000 earlier written off as bad debt.a)Journal Proper (General journal)b)Sales bookc)Purchase bookd)Cash BookCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Accounting for partial recovery from Mr. C of an amount of Rs. 2,000 earlier written off as bad debt.a)Journal Proper (General journal)b)Sales bookc)Purchase bookd)Cash BookCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup