A customer whose account was written off as a bad debt has recently paid a cheque for
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A customer whose account was written off as a bad debt has recently paid a cheque for £400 in settlement of the account. A suitable journal entry to record the payment is:
(a) debit cash, credit bad debts provision;
(b) debit cash, credit sales revenue;
(c) debit cash, credit trade debtors control account;
(d) debit cash, credit bad debts expense.
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Related Book For
Financial Accounting And Reporting An Introduction
ISBN: 978-0333346402
1985 Edition
Authors: R. Limmack
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