Question

Lalit, who owed Rs. 20000 become insolvent. 70 paise in rupee was received from his estate. Bad debts account will be debited by?

a) 20000
b) 10000
c) 6000
d) 14000

pls answer with valid and crct answer ​

Answer 1

Given:

Deb.ts owned by Lalit = Rs. 20000

value for 1 Rupee = 70 paise after bankruptcy

To find:

How will bad deb.t account be debited after Lalit's insolvency.

Solution:

Total deb.t = Rs. 20000

Rs. 1 = 70paise

$rs20000 = \frac{70}{100} \times 20000$

1 Rupee = 100 paise

$rs20000 = rs14000$

Therefore, bad deb.ts account would be debited by Rs. 14000

The correct option from the above is option (d)

Answer 2

Answer:

22000*70/100   is the right solution and the correct answer is :

Explanation:

14000