You give a loan for your friend a 1000 rs he returns 600 rs
and u have to close ur accounts what should u do to close
the accounts? and given the journal entry for 400 rs?and
where will the 400 rs come in new account and entry for that
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Answer Posted / anjali
entry will be.....
loan a/c dr 1000
to cash a/c 600
to bad debt a/c 400
| Is This Answer Correct ? | 10 Yes | 7 No |
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