Question

Ramesh who owed 5000 become bankrupt and paid us 50 paise in a rupee cash book entry​

Answer 1

Answer:

In the given question Ramesh was 5000 rupees to the firm. But he declared bankruptcy and paid 50 paise to the firm. This is a case of bad debts.

Explanation:

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Answer 2

Answer:

cash a/c          dr.  2500

bad debts a/c dr.  2500

             To Ramesh a/c 5000

(cash received and bad debts written off)