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How do you record the collection of previous bad debits based on the next conditions?

1- the direct write-off method 2- balance sheet method?

Accounting Accounts Receivable Finance
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Question added by Abdullah Aziz Eldain Morsi Elgendy - CMA Candidate , Regional Receivable Accountant , Amiantit Group of Companies
Date Posted: 2016/12/26
Upvote (0) Views (7) Followers (4) Answers (3) Report Question
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Mohammad Alkhateeb
by Mohammad Alkhateeb , Accountant , D'ARC

Dr. allowance for uncollectible amount

Cr. account receivable

 

when collecting the bad debts

Dr. cash/ bank

Cr. allowance for uncollectible amount

Soliman Abd ALmalak Gendy
by Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

:The entry will be as follows Debit cash (Credit Bad Debt Recovered (income

Frank Mwansa
by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER

Thanks for invitation 

The entry will be 

Dr Bank account 

Dr  Bad debt recovered (income) account 

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