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 sthtements is correct?
A. Equity will decrease by R162.
B. The bank balance will be credited with R270.
C. Debtors control will decrease by R432.
D. The bad debt amounts to R180
A debtor who was declared insolvent was able to pay R270

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