What is the correct entry passed to close bad debts recovered account? Options: A . &nbspBad debts recovered A/c Debit B . &nbspProfit or loss A/c Debit C . &nbspCash A/c Debit D . &nbspNone of these

What is the correct entry passed to close bad debts recovered account?

Question

What is the correct entry passed to close bad debts recovered account?

Options:

A . Bad debts recovered A/c Debit

B . Profit or loss A/c Debit

C . Cash A/c Debit

D . None of these

Answer: Option A
:
A
The correct entry shall be:
Bad debts Recovered A/c Dr
To Profit orloss A/c

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