Question

Madhav a debtor for * 2,000 became insolvent. 40% amount was received
from Govt. receiver.​

Answer 1

Answer:

c,mon i am in class 10 but still mai answer kar 4aha hu so mai solve toh nahi kar sakta but i can give u an example

. A debtor amounting Rs50000 became insolvent and only 40% was recovered from his personal estate.

*Cash/BankA/c Dr. 20000

Bad-DebtsA/c Dr. 30000

To Debtors A/c…………….50000

*P&L A/c Dr. 30000

To Bad-Debts A/c…………30000