Question

Journal entry:-sohan who owes Rs 10,000 became insolvent, only 50 paise in a rupee is received

Answer 1

cash  A/c .......Dr                              5000

bad debt  A/c ........Dr                     5000

to sohan  A/c                                                        10000

Answer 2

Answer:

Cash a/c dr. 5000

Bad debts a/c dr. 5000

To sohan's a/c. 10000

Explanation: