Balance Sheet of a firm disclosed as a footnote , contigent liability for ₹ 5,000 in respect of a bill discounted . The bill was received from Z . Later on , it was learnt that Z became insolvent and a dividend of 60% was received from his estate . Give Journal enrty to record the above event when the firm was dissolved .
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100htxf gtdd hh
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100 ;:& hggx vfg
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