Question

(ii) Sundry debtors include an item of 5,000 due from Mr.X who has become insolventand 50 paise in a rupee is to be received from his estate as first and finaldividend.​

Answer 1

Answer:

₹2500 is to be received at all

Explanation:

as 50 paise in a rupee are received it means that 50% of the total amount is received i.e.

50 paise received out of 100 paise

1 paisa received out of 100/50 =2

A.T.E. ₹2500 are received out of ₹5000