Question

Anil was declared bankrupt he had 4000 us nothing could be recovered from his e state what is its journal entry​

Answer 1

Answer:

bad debts a/c. dr4000

to anil a/c. 4000

Answer 2

bad debt a/c dr. 4000

to anil a/c. 4000 (being bad debt of 4000 occurred by Anil)