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journal entry for Kartikwho owed 2700 become insolvent received from the official receiver as settlement of 75 paise in the Rupee |
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Answer» CASH A/c - - - - - Dr. 2025 Bad debts A/c. - - - - - Dr. 675 To Kartik's A/c 2700 ( Being 75% RECEIVED from Kartik and the BALANCE treated as bad debts) |
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