lalit who owed 20000 became insolvent. 70 paise in a ruppee was recieved from him. bad debts account wiil ve debited by
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Bad debts a/c Dr. 6,000
Cash a/c. Dr. 14,000
To Lalit a/c. 20,000
Cash a/c. Dr. 14,000
To Lalit a/c. 20,000
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