journalise the following transitions?
shyam became in solvent A first and final compe. 50,000
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Explanation:
Shyam became insolvent. A first and Final
(i) Compensation of 75 paise in a rupee was received Rs. 10,000 from his offcial receiver. He owed us
(ii) Received cash for a bad debt written off last year. Rs.5,000
(iii) Rent due to landlord. Rs.8000
(iv) Salaries due to clerks.10,000 placed an order with Rakesh mohan for the supply of goods of the list price of Rs.1,00,000.In this
(v) Connection, Raman paid 10% of list price as an advance by cheque.
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