Question

Sooy
Journal entries.
C Sold good to suresh worth Rs 30000
suresh become insolvent and paid only 75%​

Answer 1

Answer :-

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Cash Ac Dr....22,500/-

Bad debts Ac Dr....7,500/-

To, Suresh Ac Cr...30,000/-

(Being part payment received and debtor became insolvent )

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©Sachin BhaleRao...