Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 5 - No. 44)

What are the key elements to consider to make an irrecoverable debt recovered?

Debit the income account for the irrecoverable debt recovered.

Debit the bank account for the irrecoverable debt recovered.

Credit the bank account for the irrecoverable debt recovered.

Credit the income account for the irrecoverable debt recovered.

Credit the bank account and then the income account.