Question: A debtor who was declared insolvent was able to pay R630 of the amount owing, which represented 70% of his debt. The balance of his

A debtor who was declared insolvent was able to pay R630

A debtor who was declared insolvent was able to pay R630 of the amount owing, which represented 70% of his debt. The balance of his account must be written off. Which one of the following statements is false? Select one: O a. Equity will decrease by R270. O b. Debtors control will decrease by R900. c. The bank balance will increase by R630. d. The bad debt amounts to R189. Previous page

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