Accountancy, asked by Jsh79579, 4 months ago

journal of -mohan becomes bankrupt first and final composition of 40 paise in a rupees is received out of a loan 2000 from official receiver

Answers

Answered by Saivenkatkumar

0

Answer:

Cash A/c. Dr (2000* 0.40) 800

Bad Debts A/c Dr. 1200

To Mohan A/c 2000

Profit and Loss A/c Dr 1200

To Bad Debts A/c 1200

Explanation:

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