Answer Posted / satyaki_raju@yahoo.co.in
State Reorganisation commitee
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helo sir, i want to know the writen exam pattern for finance and accounts ang general apptitude test of ongc.
Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?
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