Ravi who owed us rupees 10000 is declared insolvent and 40 paise in a rupee is received from his estate
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it means that only 40 percent of the lent money could be recovered from ravi
i.e.10000*40/100=Rs.4000
40 paise in a rupee means out of each one rupee 40 paise could be recovered
i.e.10000*40/100=Rs.4000
40 paise in a rupee means out of each one rupee 40 paise could be recovered
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1
Answer:
banka/c---------dr. 320
bad debt a/c-----dr480
Explanation:
To haran a/c. 800
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