On a firms dissolution debtors as shown in the Balance sheet were Rs. – InterviewSolution

1.

On a firms dissolution debtors as shown in the Balance sheet were Rs. 17000 out of these Rs. 2000 became bad. One debtor of Rs. 6000 became insolvent and 40% could be recovered from him. Full recovery was made from the balance debtors. Calculate the amount received from debtors and pass necessary journal entry.

Answer»

Cash A/C Dr.	11400
To Realisation A/C		11400
(For debtors realized on dissolution of firm)

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