Question

Q 21. Pass the journal entries of the following transactions:-

(2) Rajveer become insolvent. He pais Rs 10,000 in full settlement out of Rs 15,000

Answer 1

Cash A/C. Dr. Rs.10,000

Bad Debts A/C. Dr. Rs.5000

To Rajveer A/C. Rs.15,000

(Being payment received from Rajveer in full settlement of Rs.15000)

Answer 2

Hey mate ✌️✌️

Journal Entry ⏬⏬⏬


Cash A/c...................................Dr...10000
Bad debt A/c.............................Dr...5000
..........To Rajveer........15000

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