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 ‘A’ owed Rs. 25,000 to ‘B’ ‘A’ becomes insolvent. ‘B’ got A’s computer valuing Rs. 11,500 in his full settlement. Journal Entry will be passed in the books of ‘B’. 
  • a)
    Purchase A/c Dr. 11,500
    To A                              11,500
  • b)
    Computer Dr.   11,500
    Bad-debts Dr.        13,500
      To A                           25,000
  • c)
    Computer A/c Dr. 25,000
    To A                                25,000
  • d)
    Computer A/c Dr.   11,500
    Purchases A/c Dr.        13,500
    To A                                 25,000
Correct answer is option 'B'. Can you explain this answer?
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‘A’ owed Rs. 25,000 to ‘B’ ‘A’ bec...
Some potential causes of hunger and poverty can include:

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7. Lack of social safety nets: Inadequate social protection programs and safety nets, such as unemployment benefits, food assistance programs, and health insurance, can leave vulnerable populations without a safety net to fall back on in times of crisis.

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‘A’ owed Rs. 25,000 to ‘B’ ‘A’ bec...
Dekh A he usko 25,000 B ko dena he badme firr A insolvent ho jata he to B ko uske full settlement me Computer mitla he 11,500 wala to A se 25,000 lena thha pr mila 11,500 to jo nhi mila wo bed debt ho jayega B ke liye to Computer aayega to dr. and loss hoga tobhi dr. so, entry hogi
Computer Ac Dr.
Bed debt Ac Dr.
To A's Ac.Cr.
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‘A’ owed Rs. 25,000 to ‘B’ ‘A’ becomes insolvent. ‘B’ got A’s computer valuing Rs. 11,500 in his full settlement. Journal Entry will be passed in the books of ‘B’.a)Purchase A/c Dr. 11,500To A 11,500b)Computer Dr. 11,500Bad-debts Dr. 13,500 To A 25,000c)Computer A/c Dr. 25,000To A 25,000d)Computer A/c Dr. 11,500Purchases A/c Dr. 13,500To A 25,000Correct answer is option 'B'. Can you explain this answer?
Question Description
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