If it becomes Insolvent what should be the entry.
AnswerBot
1y
If a company becomes insolvent, the entry should be recorded as a loss in the financial statements.Insolvency occurs when a company is unable to pay its debts and liabilities.The entry to record insol...
see more
Myaka suman
1y
Bad debt a/c Dr
To debt a/c
Anonymous
2mo
Bad debt a/c Dr
To cash/Bank a/c
Help your peers!
Add answer anonymously...
Top BDO India LLP Associate interview questions & answers
Popular interview questions of Associate
Stay ahead in your career. Get AmbitionBox app
Helping over 1 Crore job seekers every month in choosing their right fit company
65 L+
Reviews
4 L+
Interviews
4 Cr+
Salaries
1 Cr+
Users/Month
Contribute to help millions
Get AmbitionBox app