Question

Sheema who owed Ruma Rs. 3000 became bankrupt and paid 50 paise in the rupee. what is leadger and group​

Answer 1

Answer:

Bank a/c .... Dr. 1,500

Bad debts a/c .... Dr. 1,500

To Sheena a/c 3,000

Explanation:

Bank a/c .... Dr. 1,500

Bad debts a/c .... Dr. 1,500

To Sheena a/c 3,000

Bank real a/c, bad debts nominal a/c, Sheena personal a/c