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...
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Myaka suman
1y

Bad debt a/c Dr

To debt a/c

Anonymous
2mo
Bad debt a/c Dr To cash/Bank a/c
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