Where it will effect in the Balance sheet, Rs. 5000/- of
Bad Dept ??
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Answer Posted / amar sharma
it effect on asset side,bad dept. deduct on debtors in balance sheet and P&l a/c.,
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adams a debtor for R600 had been declared insolvent and part of his debts has to be written off. The attorneys informed you that an amount of 25c in the rand will be paid and the rest must be written off
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