Question

amount due from Mahesh 20000 rupees is irrecoverable as he became insolvent​

Answer 1

Answer:

➡️When the amount is not recoverable-

Bad Debt A/c__________Dr_20000

_____To Mahesh __20000

(Being the amount not recoverable written off as bad debt)

Answer 2

When the Amount is Not Recoverable From Mahesh he became Slovent [ Bad debts ]

Mahesh a/c......Dr 20,000

To Bad Debts a/c.......cr 20,000

The Journal Entry will be :

Being Bad not Debts Recovered from Mahesh...