How do you record the collection of previous bad debits based on the next conditions?

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1- the direct write-off method 2- balance sheet method?

Question ajoutée par Abdullah Aziz Eldain Morsi Elgendy - CMA Candidate , Regional Receivable Accountant , Amiantit Group of Companies
Date de publication: 2016/12/26

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par Mohammad Alkhateeb , Accountant , D'ARC

Dr. allowance for uncollectible amount

Cr. account receivable

when collecting the bad debts

Dr. cash/ bank

Cr. allowance for uncollectible amount

par Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

:The entry will be as follows Debit cash (Credit Bad Debt Recovered (income

par Frank Mwansa , ACCOUNTING LECTURER , FREELANCER

Thanks for invitation

The entry will be

Dr Bank account

Dr Bad debt recovered (income) account

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