pass jounral entry.
a. Rs 15000 due from ramesh are not recoverable.
b. Mohan who ownd Rs 20000 has become insolvent he pays 50 paise in a rupees full and final settlement .
c. received cash Rs 5000 for a bad debt written off last year
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Answer:
(b) cash A/c. Dr. 10,000
Bad debts A/c. Dr. 10,000
To Mohan A/c. 20,000
( Being 50 paise in
a rupee recovered
on the insolvency )
(c) cash A/c. Dr. 5000
To bad debts recovered A/c. 5000
( Being bad debts recovered )
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