MCQOPTIONS
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| 1. |
X a debtor is declared insolvent and only 25 paise in a rupee is recovered from his estate. If X owes `5,000 to Y, Y would debit Cash A/c by — |
| A. | 5,000 ; |
| B. | 25 ; |
| C. | 1,250 ; |
| D. | 2,500 |
| Answer» D. 2,500 | |