1.

journal entry for Kartikwho owed 2700 become insolvent received from the official receiver as settlement of 75 paise in the Rupee​

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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