Multiple choice

A debt which is treated as a bad debt and written off, if recovered is credited to the debt account.

  1. True

  2. False

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Explanation: Ans; Once a bad is written off from the profit and loss account, any subsequent recovery is treated as a windfall income and credited to the P & L account as an additional income or “income from other sources”