Question

messers ABC Co. become insovlent and dividend of 50 paise in a rupee is received. balance in their account was 12000​

Answer 1

Answer:

Bank A/c. Dr 6000

Bad debts. Dr. 6000

To ABC Co. 12000

Explanation:

Total Amount. 12000

Bad debts (50%). 6000

Amount rec'd. 6000

Answer 2

Answer:

messers ABC Co. become insovlent and dividend of 50 paise in a rupee is received. balance in their account was 12000

The answer is 12000.50