MCQOPTIONS
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MCQOPTIONS
| 1. |
A owned Rs. 25,000 to B. A is insolvent. B got A’s computer valuing Rs. 11,500 in full settlement.Pass the Journal entry in the books of B. |
| A. | Purchases a/c Dr 11,500To A a/c11,500 |
| B. | Computer a/cDr11,500Bad debts a/cDr.13,500To A a/c25,000 |
| C. | Computer a/cDr25,000To A a/c25,000 |
| D. | Computer A/cDr11,500To A a/c11,500 |
| Answer» C. Computer a/cDr25,000To A a/c25,000 | |