Journalise the following. (Columns are not required) (a) Mr Mohsin became insolvent who owed to us Rs.5000 a final dividend of 40 paise in a rupee is received from him. (b) Cash received from Hameed Rs. 9750 and discount allowed to him Rs.250. i need complete answer
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(a) entry :-------
Cash A/c Dr 2000
Bad debts a/c Dr 3000
To Mr Mohsin 5000
(b) entry :--------------------------------------
cash a/c Dr 9750
discount allowed a/c Dr 250
To Hameed 10000
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