Gauri paid ₹1,000 towards a debt of ₹1,050, which was written-off as bad debt in the previous year. Which of the following account will be credited for this amount —
CS CSEET · Business Economics & Fundamentals of Accounting and Auditing · PYQS · December 2013
Gauri paid ₹1,000 towards a debt of ₹1,050, which was written-off as bad debt in the previous year. Which of the following account will be credited for this amount —
Answer & Explanation:
Correct Answer: Option (C)
Correct answer: (C) Bad debts recovered account.
Topics: Fundamentals of Accounting and Auditing
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