Q30. Lalan, who owed Rs.20,000 becomes insolvent. 70 paise in a rupee was received from his estate. What journal entry will be passed? *
Dr. Cash A/c by 14,000 ; Dr.Bad debtsA/c by Rs. 6000 Cr. Lalan by Rs. 20,000
Dr. Cash A/c by 10,000 ; Dr.Bad debtsA/c by Rs. 4000 Cr. Lalan by Rs. 14,000
Dr. Lalan by 10,000 ; Dr.Bad debtsA/c by Rs. 4000 Cr.Cash A/c by Rs. 14,000
Dr. Cash A/c by 13,000 ; Dr.Bad debtsA/c by Rs. 7,000 Cr. Lalan by Rs. 20,000
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