Question

Q10. Pass Journal Entry
3
a. Rs. 15000 due from Ramesh are not recoverable.
b. Mohan who owed Rs. 20000 has become insolvent he pays 50 paise in a
rupees full and final settlement.
Received cash Rs. 5000 for a bad debt written off last year.​

Answer 1

Answer:

a bad debts a/c dr 15000 to Ramesh a/c 15000

2 bad debts a/c dr 10000 cash a/c dr 10000 to Mohan a/c 20000

cash a/c dr 5000 to bad debts recovered a/c 5000