Accounting for Bad Debt Recovery: Overview, Example, Journal Entries

Because his outstanding amount is treated as bad debts earlier and claimed as loss in the books of the last financial year. He is agreed with our sales team and paid the last year outstanding amount of Rs 25,000 to us, which is written as bad debts in the last financial year. After some time,… Continue reading Accounting for Bad Debt Recovery: Overview, Example, Journal Entries