General
Recovery of Previously Written-Off Bad Debt
Recording cash received from a customer whose balance was already written off in a prior period.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash | Asset (+) | 500.00 | - |
| Uncollectible Accounts Recovery | Revenue (+) | - | 500.00 |
💡 Accountant's Note
When a 'dead' debt is suddenly paid, you recognize the cash and record it as other income or a reduction in bad debt expense.
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