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Give one word/phrase/term which can substitute each of the following statement:- Amount which is not recoverable from Drawee on account of insolvency. - Book Keeping and Accountancy

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Question

Give one word/phrase/term which can substitute each of the following statement:-

Amount which is not recoverable from Drawee on account of insolvency.

One Word/Term Answer

Solution

Amount which is not recoverable from Drawee on account of insolvency. - Bad debts.

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Bills of Exchange
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Chapter 7: Bills of Exchange - Exercise 7.1 (Objective Questions) [Page 302]

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Balbharati Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
Chapter 7 Bills of Exchange
Exercise 7.1 (Objective Questions) | Q B. 10) | Page 302

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