Insolvent entry
This query is : Resolved
26 November 2014
x owes b 1000 , he declare insolvent , pay 20 paisa in a rupee what is the journal entry in the books of x ?????
26 November 2014
Dr: B a/c Rs.1000
Cr: Insolvent a/c Rs.800
Cr: Bank/cash Rs.200
Cr: Insolvent a/c Rs.800
Cr: Bank/cash Rs.200
27 November 2014
b a/c dr 1000
to bank a/c cr 200
to solvency a/c cr 800
to bank a/c cr 200
to solvency a/c cr 800
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Value of property in capital gain
- LC charges in relation to Asset purchased should be Capitalised ?
- Copyright software
- Regarding TDS Applicability For Director Remuneration
- Regarding appeal to GSTAT
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Multiple trade mark
- Transporter Declaration form
- Form 121 & TDS deduction
- Taxation on Swing Trading Income (No Other Income)
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
