Question

Satish who does rupees 20000 is declared insolvent and 60 paise per rupee is received from his estate find the journal entry ​

Answer 1

Explanation:

Cash A/c.......... Dr. 12,000 bad debts a/c....... Dr. 8,000 To Satish 20,000

Answer 2

Answer:

Satish account-personal-giver-cr

bad debt account-nominal-expense-Dr

cash account-real-comes in-dr