PRC-1 · Chapter 10 · Question 70 of 100
Which of the following is recorded as 'Other Income' in the Statement of Comprehensive Income?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Bad Debts Recovered
Explanation
Bad debts recovered relate to amounts previously written off that are unexpectedly collected. It is treated as 'Other Income' or a credit against the bad debt expense.
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