aliensbrain
  • Home
  • Study
  • Quizzes
  • 🎤AI Practicefree
  • Notebooks
  • Community
  • Sign in
  • Fundamentals of Accounting - 1
  • What is the journal entry for bad debts recoverd from Moh...
Multiple choice

What is the journal entry for bad debts recoverd from Mohanlal worth Rs. 2,000?

  1. Dr. cash and Cr. Mohanlal

  2. Dr. bad debts and Cr. cash

  3. Dr. cash and Cr. bad debts recoverd

  4. Dr. Mohanlal and Cr. bad debts recoverd

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

Bad debts recoverd is an income so it is credit. 

Keep practicing — related questions

  • A bad debt of Rs. 1,000 was written off. The correct entry for recovery is
  • An asset of Rs. 10,000 is sold for Rs. 8,000 to Vijay. What is the journal entry for this?
  • A sale of Rs. 7800 to Sohanlal has been posted to Mohanlal. Which of the following journal entries will cor...
  • The cheque of Rs. 85,000 issued to Ramesh has been dishonored, and has been wrongly credited to purchase re...
  • A, B and C were partners sharing profits in the ratio 5 : 4 : 1. 'A' retired and new ratio was decided as 3...
  • COGS = Rs. 2,00,000, Gross loss = Rs. 40,000, Operating expenses = Rs. 30,000 Calculate net sales.
  • Furniture costing Rs. 20,000 is sold at a profit of Rs. 2,000 for cash. It will result in
  • Zenith Ltd. purchased furniture from Divesh for Rs. 2,20,000. 25% of the amount due was paid by cash and ba...
Play the full quiz 🎤 Practise this topic out loud

Practice this topic

  • Journal Entries and Depreciation (596 questions)
Advertisement
© Aliensbrain | all rights reserved
  • About
  • Contact
  • Terms and Condition
  • Privacy Policy