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Dilip, proprietor of Ultra Sales. Had wr...

Dilip, proprietor of Ultra Sales. Had written off rs 20,000 receivable from Jatin as bad debts, he was unable to pay. In the current year. Dilip received rs 5,000 from Jatin. Pass Journal entry and show how it will be shown in the profit and Loss account.

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Knowledge Check

  • Rs. 2,000 received from Smith whose account was previously written off as Bad Debt should be credited to

    A
    Bas Debts Recovered Account.
    B
    Smith's Account.
    C
    Cash Account.
    D
    None of these.

  • Rs. 200 received from Smit whose account was prviously written off as Bad Debt should be credited to

    A
    Bad Debts Recovered Account.
    B
    Simth's Account
    C
    Cash Account
    D
    Sales Account

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