Question

Journal entry for ; Kamal pays 60 paisa in a rupee out of total debts of 2000 remaining written off as bad debts. Plz explain amount calculation

Answer 1

Answer:

Sorry I can not answer.

Answer 2

Answer:

The answer is in the explanation section.

Explanation:

Cash A/c Dr.              1200

Bad debts A/c Dr.       800

     To Kamal A/c      2000

(Being Kamal pays 60 in a rupee out of total debts of 2000 remaining)

Working note:

60 paise in a rupee s 60% or 0.6

Therefore, Kamal pays 60% of 2000 which 1200.

So, one entry is

Cash A/c

   To Kamal A/c

And,

Bad debts (amount irrecoverable from debtors) is Rs. 2000 - Rs. 1200 = Rs. 800.

Thus,

Second entry is

Bad debts A/c   Dr.

     To Kamal A/c

Combined entry is

Cash A/c Dr.              1200

Bad debts A/c Dr.       800

     To Kamal A/c      2000

(Being Kamal pays 60 in a rupee out of total debts of 2000 remaining).

Hope the answer helps:). Please make me the brainliest answer.