1Mohan is declared insolvent. Received first and final dividend from his official Receiver 50 paise
in a rupee against a debt of 5,000
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Answered by
2
Explanation:
50 paisa in a rupee again a debt. ×5000
= 50÷5000
= 100 rupees
Answered by
9
Cash A/c ....dr. 2,500
Bad debt A/c ...dr. 2,500
To Mohan A/c. 5,000
Bad debt A/c ...dr. 2,500
To Mohan A/c. 5,000
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