Question

Haran who is declared insolvent paid 40 paise in the rupee. The amount due was? 800
Journal entries for the following transactions : ​

Answer 1

Answer:

here is your answer

Explanation:

cash a/c dr. 320

bad debt a/c dr. 480

To haran's a/c 800

Answer 2

Explanation:

cash A/C dr. 320

bad debt A/C dr. 480

To cash A/C cr. 800