Accountancy, asked by palakpatel11106, 1 year ago

Mohan who owed rs2000has become insolvent. he pays 50paisa in rupee in full and final settlement

Answers

Answered by pg9501555150

Answer:

cash A/c dr. 1000

bad debt a/c dr. 1000

To Mohan. 2000

Explanation:

mohan was our debtor credit of mohan represents mohan is now not our debtor and cash a/c debit represents cash received from mohan and bad debt a/c debit represents he is not able to pay the remaining amount ie 1000

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Mohan who owed rs2000has become insolvent. he pays 50paisa in rupee in full and final settlement​

Answers

Mohan who owed rs2000has become insolvent. he pays 50paisa in rupee in full and final settlement