15. Mr. Dinanath who owed us Rs. 50,000 became insolvent and paid only 40% of this amount. What is the term used for the amount not received?

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Solution

Dear Student,

The term used for the amount not received is known as Bad debts. It will be shown in debit side of P/L account.

Regards

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15. Mr. Dinanath who owed us Rs. 50,000 became insolvent and paid only 40% of this amount. What is the term used for the amount not received?

Dear Student, The term used for the amount not received is known as Bad debts. It will be shown in debit side of P/L account. Regards

Dear Student,

The term used for the amount not received is known as Bad debts. It will be shown in debit side of P/L account.

Regards