Goods were sold on credit to L Farthing on 19 October 2008 for 950. On 15 December

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Goods were sold on credit to L Farthing on 19 October 2008 for £950. On 15 December Farthing was declared bankrupt. A payment of 30 p in the £ was received in full settlement and the remainder was written off as a bad debt.

Show the ledger account of L Farthing to record the above details.

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Frank Woods Business Accounting Basics

ISBN: 9780273725008

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Authors: Frank Wood, Mr David Horner

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Question Posted: Mar 08, 2024 07:00 AM

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Goods were sold on credit to L Farthing on 19 October 2008 for 950. On 15 December

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Frank Woods Business Accounting Basics

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