Question

Ajay Singh declared bankrupt. He owed 2500 to us. Nothing could be recovered from his estates

Answer 1

Answer:

In journal

Bad debts a/c. Dr. 2500

To Ajay Singh's a/c 2500

Explanation:

Answer 2

Ajay Singh has been declared a bankrupt. He owed us 2500. Nothing could be recovered from his estates.

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