Question

Karim who owes rs. 10000 became insolvent only 40% of the amount dues is realized journal entry

Answer 1

Answer:

Cash a/c dr 4000

Bad Debts a/c dr 6000

To karim a/c. 10000

Answer 2

karim who owes rs. 10000 become insolvent only 40% of the amount dues is realized