sudhir kumar, who owed me ₹3000, has failed to pay the amount. he pays me @ 45 paise in a rupees journal entry
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Answer:
Cash/ bank Ac. Dr. ₹1350
Bad debt A/c. Dr. ₹1650
To, Sudhir kumar A/c. ₹3000
Explanation:
In this question he pays 45 paise in a rupee which means for each ₹1 you are getting 45 paise therefore ₹3000*₹0.45= 1350.
As ₹1=100 paise
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Cash a/c Dr- 1350
Bad Debt a/c Dr- 1650
To Sudhir's Account- 3000
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