Q1 and Q3
What is your doubt?
Sir, how can I pass the journal entry for Q1 and Q2 in the above question
Sir, I tried to solve this, please check whether it is wright or not ?
I mean "right"
In question 1, you will receive 25k cash.
Cash A/c Dr
Bad Debt Dr
(You can pass second entry in similar lines and share)
But cash is not received yet, so why to debit cash a/c now
50% could be recovered.
Sir,Can we write Account receavable a/c instead of Cash account ?
Because account receivable is an asset and it is increasing
Its not increasing
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