TS Grewal scanner, Pg S.47 Question no 22. Adjustment no 4. : A Debtor whose dues of Rs 500 was written off as bad debts paid Rs 400 in full settlement. What will be the accounting treatment for the abovesaid adjustment.
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What is the bookkeeping treatment for a benefit that is completely devalued, however keeps on being utilized as a part of a business?
A benefit that is completely deteriorated and keeps on being utilized as a part of the business will be accounted for on the monetary record at its cost alongside its aggregated devaluation.
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