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Accountancy
Q1 and Q3
Satyam Anand
CA Inter
★ 17K+
23-Sep-20 15:11
348
Answers (10)
What is your doubt?
CA Suraj Lakhotia
Admin
23-Sep-20 17:00
Sir, how can I pass the journal entry for Q1 and Q2 in the above question
Thread Starter
23-Sep-20 17:31
Sir, I tried to solve this, please check whether it is wright or not ?
23-Sep-20 17:36
I mean "right"
23-Sep-20 17:38
In question 1, you will receive 25k cash. So Cash A/c Dr Bad Debt Dr To Debtors. (You can pass second entry in similar lines and share)
23-Sep-20 17:40
But cash is not received yet, so why to debit cash a/c now
23-Sep-20 17:44
50% could be recovered.
23-Sep-20 17:45
Sir,Can we write Account receavable a/c instead of Cash account ?
23-Sep-20 17:47
Because account receivable is an asset and it is increasing
23-Sep-20 17:50
Its not increasing
23-Sep-20 21:28