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P1 C4 Joumal — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C4 Joumal1 Mark
Question
To which account bad debts return will be credited which is received from debtor whobecame insolvent in past?
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Answer

A debtor who had been declared insolvent in the past may pay the entire or part of theamount written off as bad debts earlier is known as bad debts recover and amount ofbad debts recovered is to be credited to 'Bad debts Recovered' or 'Bad debts Returned' account.

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