Shyam become insolvent a first and final compensation of 75 paise in a rupees was received from official receiver on the depth of 50,000 journalise the following transactions
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Answered by
129
heyaa,,,
a/q. shyam is capable of paying 75% of 50,000.
so, at first we need to calculate 75% of 50000.
=50000 X 75/100
=37500.
and rest amount will be written as baddebts.
it journal entry will be;
cash a/c Dr. 37,500.
bad debts a/c. Dr 12,500.
to shyam a/c. 50,000.
( being 75% cash received from shyam and rest written as baddebts)
_____________________________
hope it helps.
☺☺☺
a/q. shyam is capable of paying 75% of 50,000.
so, at first we need to calculate 75% of 50000.
=50000 X 75/100
=37500.
and rest amount will be written as baddebts.
it journal entry will be;
cash a/c Dr. 37,500.
bad debts a/c. Dr 12,500.
to shyam a/c. 50,000.
( being 75% cash received from shyam and rest written as baddebts)
_____________________________
hope it helps.
☺☺☺
Answered by
1
answer kya h iska please help
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