Economics · Final Accounts
When bad debts previously written off are recovered from a client, how is the transaction treated in the accounts?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Debited to the Profit & Loss Account
- 2Credited to the Profit & Loss Account✓
- 3Added to debtors in the balance sheet
- 4Deducted from debtors in the balance sheet
Correct answer
Credited to the Profit & Loss Account
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