Question

Rishi who owed us Rs. 10, 000 is declared insolvent.We received 30 paise in a rupee from his estate. With what amount will the account of bad debts be debited. Write the answer in figures. Don't​

Answer 1

Answer:

7000

Explanation:

Amount borrowed Rs 10000

30 paisa in a rupee recive from estate I.e 30/100=0.3

recover amount = 10000× 0.3= 3000

amount irrecoverable = 10000 - 3000 = 7000

bad debts will be 7000