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Can anybody please help me. The company I am working for has just received a sum of money against a company that went into liquidation 2 years ago. Can anybody advise me on the double entry so I can put this amount through the books.<BR><BR>Thankyou<BR><BR>Nina
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Presumably when the company went into liquidation the debt was written off or a bad debt provided for. Dr bad debts (P&L) Cr Trade debtors (B/S) - or maybe bad debt provision (B/S)<BR><BR>Now that an amount has been recovered the double entry is Dr Bad Debts Recovered (P&L) Cr Bank.<BR>0 -
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Thankyou for your help.<BR><BR>Regards<BR><BR>Nina0
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