Joshi who owned rupees 48000 is declared insolvent first composition of 20% recovered from him. second and final composition of 30% could be recovered from Joshi
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3
Answer:
The answer is in the explanation section.
Explanation:
Cash A/c Dr. 9600
Bad debts A/c Dr. 24000
Reserve for doubtful debts A/c Dr. 14400
To Joshi A/c 48000
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0
Answer:
plz explain it how bad debts come 24000
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