Dilip, proprietor of Ultra Sales. Had written off rs 20,000 receivable from Jatin as bad
Channel: Doubtnut
Date: 2020-03-29

Dilip, proprietor of Ultra Sales. Had written off rs 20,000 receivable from Jatin as bad debts, he was unable to pay. In the current year. Dilip received rs 5,000 from Jatin. Pass Journal entry and show how it will be shown in the profit and Loss account.