Occaisonally, a bad debt that has been written off may be paid. If the payment occurs in a later period than the write-off, the amount paid should be recorded (in the period that payment is received) as additional income in the profit and loss account.
This website is for education and information purposes only, is not intended to provide professional advice. This blog is written from a UK perspective. This site should not be used as a substitute for competent professional advice from a qualified accountant.
(Also note - Tax, Law and businesses can change quickly: always check the date of the post!)
