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View Full Version : A debtor 5000 has become insolvent and cash received 2500 from him.


ashish raj
Jul 5, 2009, 05:01 AM
What will be the journal entry ?

codyman144
Jul 5, 2009, 08:14 AM
Please try to do the entry yourself and I will let you know if it is right.

morgaine300
Jul 5, 2009, 07:59 PM
Also need to know if you're to do allowance method or direct write off method, as it does make a difference in the entry. (I usually assume allowance.)