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Shyam became insolvent. A first and …

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Shyam became insolvent. A first and final compensation of 75 paise in a rupee was received from his official receiver. He owed a debt of .............$50,000

    • Posted by Komal Sontakke 7 years, 7 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Shreya Mehta 7 years, 7 months ago

    Cash a/c. Dr. 37500 Bad debts a/c. Dr. 12500 To Shyam. Cr. 50,000 (Being the Compensations received)

    1Thank You

    Sohail Khan 7 years, 7 months ago

    What is insolvent

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