Question

Avinash is declared insolvent only 75% of the amount due from him could be realised pass the journal entry

Answer 1

Answer:

cash/bank a/c....dr ###(75%amt.)

bad debts a/c.....dr ###(25%amt.)

to avinash's a/c ###(full amt.)

(being avinash declared insolvent, only 75% amount recovered and balance written off as bad debts)