1.

A owned Rs. 25,000 to B. A is insolvent. Bgot A’s computer valuing Rs. 11,500 in fullsettlement. Pass the Journal entry in thebooks of B.?

A. Computer a/c Dr 11,500 Bad debts a/c Dr. 13,500 To A a/c 25,000
B. Computer A/c Dr 11,500 To A a/c 11,500
C. Purchases a/c Dr 11,500 To A a/c 11,500
D. Computer a/c Dr 25,000 To A a/c 25,000
Answer» B. Computer A/c Dr 11,500 To A a/c 11,500


Discussion

No Comment Found

Related MCQs