Pass Journal entries for the following transactions:
2022 April 1 Mohan is declared insolvent. Received first and final dividend from his official Receiver 50 paise in a rupee against a debt of ₹ 5,000.
April 2 ₹ 8,000 due from Ramesh is not recoverable.
April 3 Shyam, who owed ₹ 15,000 became insolvent and 50% is received from his estate.
April 4 Received ₹ 10,000 in cash from Sohan for bad debts written off last year.
Anurag Pathak Changed status to publish 5 days ago