Accountancy, asked by kaurlakhikaur, 9 months ago

Madan is declared insolvent and 25 percent is recovered in full settlement.

Answers

Answered by aayushthakur3105

2

Cash A/c Dr. 6,000

Bad Debts A/c Dr. 4,000

To Sohan A/c 10,000

(Being the cash dividend of 60 paise in a rupee out of his debt of Rs. 10,000 received from Sohan on his insolvency).

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