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An amount of Rs. 6,000 due from Anshul, which had been written off as a bad debt in a previous year, was unexpectedly recovered and had been posted to his personal account. The rectification entry is :
- a)Anshul A/c Dr. Rs. 6,000
To Suspense A/c Rs. 6,000 - b)Suspense A/c Dr. Rs. 6,000
To Bad Debts
Recovered A/c Rs. 6,000 - c)No entry will be made
- d)Anshul A/c Dr. Rs. 6,000
To Bad Debts
Recovered A/c Rs. 6,000
Correct answer is option 'D'. Can you explain this answer?
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Most Upvoted Answer
An amount of Rs. 6,000 due from Anshul, which had been written off as ...
Rectification Entry for Recovered Bad Debts
When a bad debt is written off, it means that the amount is considered irrecoverable and is removed from the books of accounts. However, if the debt is later recovered, it needs to be accounted for in the books of accounts. The rectification entry for such a situation is as follows:
Anshul A/c Dr. Rs. 6,000
To Bad Debts Recovered A/c Rs. 6,000
Explanation of the Rectification Entry
The rectification entry for the recovered bad debts involves two accounts – Anshul A/c and Bad Debts Recovered A/c. Let's understand the meaning of each account and why they are used in the rectification entry.
Anshul A/c
Anshul A/c is a personal account of the debtor who had previously defaulted on the payment of the debt. When the debt was written off as bad debt, the entry would have been:
Bad Debts A/c Dr. Rs. 6,000
To Anshul A/c Rs. 6,000
This entry reduced the balance of Anshul A/c by Rs. 6,000, and the amount was removed from the books of accounts. However, when the debt is recovered, it needs to be accounted for in the personal account of the debtor. Therefore, the rectification entry debits Anshul A/c for Rs. 6,000.
Bad Debts Recovered A/c
Bad Debts Recovered A/c is a nominal account that represents the amount of bad debts that have been recovered. When a bad debt is written off, it is debited to the Bad Debts A/c, which is a nominal account. Similarly, when a bad debt is recovered, it is credited to the Bad Debts Recovered A/c, which is also a nominal account.
In the rectification entry for the recovered bad debts, the Bad Debts Recovered A/c is credited for Rs. 6,000. This entry increases the balance of the Bad Debts Recovered A/c, which represents the amount of bad debts that have been recovered.
Conclusion
The rectification entry for the recovered bad debts is Anshul A/c Dr. Rs. 6,000 To Bad Debts Recovered A/c Rs. 6,000. This entry accounts for the recovered bad debts in the personal account of the debtor and the Bad Debts Recovered A/c.
When a bad debt is written off, it means that the amount is considered irrecoverable and is removed from the books of accounts. However, if the debt is later recovered, it needs to be accounted for in the books of accounts. The rectification entry for such a situation is as follows:
Anshul A/c Dr. Rs. 6,000
To Bad Debts Recovered A/c Rs. 6,000
Explanation of the Rectification Entry
The rectification entry for the recovered bad debts involves two accounts – Anshul A/c and Bad Debts Recovered A/c. Let's understand the meaning of each account and why they are used in the rectification entry.
Anshul A/c
Anshul A/c is a personal account of the debtor who had previously defaulted on the payment of the debt. When the debt was written off as bad debt, the entry would have been:
Bad Debts A/c Dr. Rs. 6,000
To Anshul A/c Rs. 6,000
This entry reduced the balance of Anshul A/c by Rs. 6,000, and the amount was removed from the books of accounts. However, when the debt is recovered, it needs to be accounted for in the personal account of the debtor. Therefore, the rectification entry debits Anshul A/c for Rs. 6,000.
Bad Debts Recovered A/c
Bad Debts Recovered A/c is a nominal account that represents the amount of bad debts that have been recovered. When a bad debt is written off, it is debited to the Bad Debts A/c, which is a nominal account. Similarly, when a bad debt is recovered, it is credited to the Bad Debts Recovered A/c, which is also a nominal account.
In the rectification entry for the recovered bad debts, the Bad Debts Recovered A/c is credited for Rs. 6,000. This entry increases the balance of the Bad Debts Recovered A/c, which represents the amount of bad debts that have been recovered.
Conclusion
The rectification entry for the recovered bad debts is Anshul A/c Dr. Rs. 6,000 To Bad Debts Recovered A/c Rs. 6,000. This entry accounts for the recovered bad debts in the personal account of the debtor and the Bad Debts Recovered A/c.
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Community Answer
An amount of Rs. 6,000 due from Anshul, which had been written off as ...
Correct entry :
Cash A/c Dr. 6000
To Bad-Debt recovered A/c 6000
Wrong entry:
Cash A/c Dr. 6000
To Anshul A/c 6000
Rectification entry :
Anshul A/c Dr. 6000
To Bad-Debt recovered A/c 6000
(As Cash is right in both cases so we don't have to right it in any case , And Bad-Debt recovered is in correct entry which is not credited written on the credit side as you can see in the rectification entry ,and after that the mistake you done by posting it into Anshul's personal account by crediting it , you have to debit it to make that right after that rectified entry is
Anshul A/c Dr. 6000
To Bad-Debt recovered A/c 6000 )
Note : This is a error after journal means error in posting it to ledger .
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An amount of Rs. 6,000 due from Anshul, which had been written off as a bad debt in a previous year, was unexpectedly recovered and had been posted to his personal account. The rectification entry is :a)Anshul A/c Dr. Rs. 6,000To Suspense A/c Rs. 6,000b)Suspense A/c Dr. Rs. 6,000To Bad DebtsRecovered A/c Rs. 6,000c)No entry will be maded)Anshul A/c Dr. Rs. 6,000To Bad DebtsRecovered A/c Rs. 6,000Correct answer is option 'D'. Can you explain this answer?
Question Description
An amount of Rs. 6,000 due from Anshul, which had been written off as a bad debt in a previous year, was unexpectedly recovered and had been posted to his personal account. The rectification entry is :a)Anshul A/c Dr. Rs. 6,000To Suspense A/c Rs. 6,000b)Suspense A/c Dr. Rs. 6,000To Bad DebtsRecovered A/c Rs. 6,000c)No entry will be maded)Anshul A/c Dr. Rs. 6,000To Bad DebtsRecovered A/c Rs. 6,000Correct answer is option 'D'. Can you explain this answer? 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 An amount of Rs. 6,000 due from Anshul, which had been written off as a bad debt in a previous year, was unexpectedly recovered and had been posted to his personal account. The rectification entry is :a)Anshul A/c Dr. Rs. 6,000To Suspense A/c Rs. 6,000b)Suspense A/c Dr. Rs. 6,000To Bad DebtsRecovered A/c Rs. 6,000c)No entry will be maded)Anshul A/c Dr. Rs. 6,000To Bad DebtsRecovered A/c Rs. 6,000Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for An amount of Rs. 6,000 due from Anshul, which had been written off as a bad debt in a previous year, was unexpectedly recovered and had been posted to his personal account. The rectification entry is :a)Anshul A/c Dr. Rs. 6,000To Suspense A/c Rs. 6,000b)Suspense A/c Dr. Rs. 6,000To Bad DebtsRecovered A/c Rs. 6,000c)No entry will be maded)Anshul A/c Dr. Rs. 6,000To Bad DebtsRecovered A/c Rs. 6,000Correct answer is option 'D'. Can you explain this answer?.
An amount of Rs. 6,000 due from Anshul, which had been written off as a bad debt in a previous year, was unexpectedly recovered and had been posted to his personal account. The rectification entry is :a)Anshul A/c Dr. Rs. 6,000To Suspense A/c Rs. 6,000b)Suspense A/c Dr. Rs. 6,000To Bad DebtsRecovered A/c Rs. 6,000c)No entry will be maded)Anshul A/c Dr. Rs. 6,000To Bad DebtsRecovered A/c Rs. 6,000Correct answer is option 'D'. Can you explain this answer? 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 An amount of Rs. 6,000 due from Anshul, which had been written off as a bad debt in a previous year, was unexpectedly recovered and had been posted to his personal account. The rectification entry is :a)Anshul A/c Dr. Rs. 6,000To Suspense A/c Rs. 6,000b)Suspense A/c Dr. Rs. 6,000To Bad DebtsRecovered A/c Rs. 6,000c)No entry will be maded)Anshul A/c Dr. Rs. 6,000To Bad DebtsRecovered A/c Rs. 6,000Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for An amount of Rs. 6,000 due from Anshul, which had been written off as a bad debt in a previous year, was unexpectedly recovered and had been posted to his personal account. The rectification entry is :a)Anshul A/c Dr. Rs. 6,000To Suspense A/c Rs. 6,000b)Suspense A/c Dr. Rs. 6,000To Bad DebtsRecovered A/c Rs. 6,000c)No entry will be maded)Anshul A/c Dr. Rs. 6,000To Bad DebtsRecovered A/c Rs. 6,000Correct answer is option 'D'. Can you explain this answer?.
Solutions for An amount of Rs. 6,000 due from Anshul, which had been written off as a bad debt in a previous year, was unexpectedly recovered and had been posted to his personal account. The rectification entry is :a)Anshul A/c Dr. Rs. 6,000To Suspense A/c Rs. 6,000b)Suspense A/c Dr. Rs. 6,000To Bad DebtsRecovered A/c Rs. 6,000c)No entry will be maded)Anshul A/c Dr. Rs. 6,000To Bad DebtsRecovered A/c Rs. 6,000Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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An amount of Rs. 6,000 due from Anshul, which had been written off as a bad debt in a previous year, was unexpectedly recovered and had been posted to his personal account. The rectification entry is :a)Anshul A/c Dr. Rs. 6,000To Suspense A/c Rs. 6,000b)Suspense A/c Dr. Rs. 6,000To Bad DebtsRecovered A/c Rs. 6,000c)No entry will be maded)Anshul A/c Dr. Rs. 6,000To Bad DebtsRecovered A/c Rs. 6,000Correct answer is option 'D'. Can you explain this answer?, a detailed solution for An amount of Rs. 6,000 due from Anshul, which had been written off as a bad debt in a previous year, was unexpectedly recovered and had been posted to his personal account. The rectification entry is :a)Anshul A/c Dr. Rs. 6,000To Suspense A/c Rs. 6,000b)Suspense A/c Dr. Rs. 6,000To Bad DebtsRecovered A/c Rs. 6,000c)No entry will be maded)Anshul A/c Dr. Rs. 6,000To Bad DebtsRecovered A/c Rs. 6,000Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of An amount of Rs. 6,000 due from Anshul, which had been written off as a bad debt in a previous year, was unexpectedly recovered and had been posted to his personal account. The rectification entry is :a)Anshul A/c Dr. Rs. 6,000To Suspense A/c Rs. 6,000b)Suspense A/c Dr. Rs. 6,000To Bad DebtsRecovered A/c Rs. 6,000c)No entry will be maded)Anshul A/c Dr. Rs. 6,000To Bad DebtsRecovered A/c Rs. 6,000Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice An amount of Rs. 6,000 due from Anshul, which had been written off as a bad debt in a previous year, was unexpectedly recovered and had been posted to his personal account. The rectification entry is :a)Anshul A/c Dr. Rs. 6,000To Suspense A/c Rs. 6,000b)Suspense A/c Dr. Rs. 6,000To Bad DebtsRecovered A/c Rs. 6,000c)No entry will be maded)Anshul A/c Dr. Rs. 6,000To Bad DebtsRecovered A/c Rs. 6,000Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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