kamal became insolvent.a first and final payment of 60 pasie
in a rupee was recived from his official recived.he owner me
a debit of amount is RS 500 give the journal entries for this

Answer Posted / anix

CASH A/C 300
BAD DEBTS A/C 200
TO KAMAL A/C 500

Is This Answer Correct ?    117 Yes 11 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the difference between reserve and provision.

1809


How exchange rates are maintained in sap

1466


in case dedit balance of solvent partner and in case credit balance of insolvent partner what i do for accounting on dissolution of partnershio firm give me ans. as per garrner v/s murry rule

2102


plz send all previous question papers for SBI clerical post.My email id is mechabhilash6@gmail.com

1512


Whats the Balnace of Closing stock so if we issued the materil then the Closing stick will be dr and in case we pirchsed the materil the closing stock will be cr so tell me that i m correct or not

5502






commisiion recieved journal entry and receipt required

1016


Suresh agreed to adjust Ramesh due amount of Rs 15000- from his credit balance

1451


What is the meaning of Debt reconciliation and how to do debt reconciliation?

1870


You are given the following information in respect of a company: Fixed cost –Rs.13,000 Variable cost –Rs.14,000 Net profit –Rs.3,000 Net sales-Rs.30,000 Find out: a>BEP b>The profit for sales volume of Rs.50,000 c>The volume of sales to make a profit of Rs.10,000

1479


What is meant by Nostro Reconciliation

1646


what is the scenario of multi-org setup?

1699


Expand---------PSRT

1581


How to Calculate Mortgage?

1882


Distinguish between sale and consignment

1545


What three Specific Job Positions do you target from the Industry

1963