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What is the journal entry :1st year ,If a business 'Y' purchased goods rs.100000 from 'X' and Y informs to X i.e 10000 cannot be payable, this a bad debt for X So.What is the entry recorded in the books of Y? and next year this bad debt 10000 is recovered i.e paid by Y to X then for this what will be the journal entry in the books of Y Record journal entries in both the parties? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about What is the journal entry :1st year ,If a business 'Y' purchased goods rs.100000 from 'X' and Y informs to X i.e 10000 cannot be payable, this a bad debt for X So.What is the entry recorded in the books of Y? and next year this bad debt 10000 is recovered i.e paid by Y to X then for this what will be the journal entry in the books of Y Record journal entries in both the parties? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the journal entry :1st year ,If a business 'Y' purchased goods rs.100000 from 'X' and Y informs to X i.e 10000 cannot be payable, this a bad debt for X So.What is the entry recorded in the books of Y? and next year this bad debt 10000 is recovered i.e paid by Y to X then for this what will be the journal entry in the books of Y Record journal entries in both the parties?.

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