Question: A debtor who was declared insolvent was able to pay R 2 7 0 of the amount owing, which represented 6 0 % of his

A debtor who was declared insolvent was able to pay R270 of the amount owing, which
represented 60% of his debt. The balance of his account must be written off. Which of the
following statements is correct?
A debtor who was declared insolvent was able to pay R270

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