Question

Shri Rama Shankar declared insolvent 525 due from him written off as bad debt as nothing was recovered from his estate​

Answer 1

Answer:

Bad debts a/c... Dr 525

To s r s 525

Answer 2

Answer:

Bad debts A/C -----------Dr. = 525

To Shri Rama Shankar A/C-----------------525

(Being bad debt recovered)