Pass Journal entries for the following transactions: Mohan is declared insolvent. Received first and final dividend from his official Receiver 50 paise in a rupee against a debt of ₹ 5,000.
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 September 19, 2023
