Business Studies · Financial Accounting
When preparing final accounts, to which account is the 'Bad Debts Recovered' account transferred?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Accounts Receivable
- 2Debtors Account
- 3Provision for Bad Debts Account
- 4Profit and Loss Account✓
Correct answer
Profit and Loss Account
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