a debtor of rupees 16000 declared is insolvent and returne goods worth rupees 2500 and a check of rupees 1000 as final dividend
journal entry
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The answer is in the explanation section.
Explanation:
Bad debts A/c Dr. 12500
Goods A/c Dr. 2500
Bank A/c Dr. 1000
To debtor A/c 16000
(Being ...)
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