Question

shyam became insolvent. compensation of 75 paise in a rupee was received from his official receiver. he owed us 10000
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Answer 1

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Journalise the following transactions: Shyam became insolvent. A first and Final

• (i) Compensation of 75 paise in a rupee was received Rs. 10,000 from his offcial receiver. He owed us
• (ii) Received cash for a bad debt written off last year. Rs.5,000
• (iii) Rent due to landlord. Rs.8000
• (iv) Salaries due to clerks.10,000 placed an order with Rakesh mohan for the supply of goods of the list price of Rs.1,00,000.In this
• (v) Connection, Raman paid 10% of list price as an advance by cheque

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Answer 2

Answer:

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