Question

Dinesh was declared insolvent and payment of 60paise in a Rs.received from his estate by a cheque

Answer 1

Answer:

bank a/c

bad debts a/ c

to dinesh a/c

Answer 2

Answer:

Answer:

Journal entry [1]

Dinesh - Dr 14,000

To Sales - 14,000

Now

Journal Entry to Dinesh

Bank A/c -Dr 8,400

Bad Debṭs A/c -Dr 5,600

To Dinesh 14,000