Ravi owned us 10000 and became insolvent and 30paise received from ravi
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✍Cash A/c Dr. 6,000
Bad Debts A/c Dr. 4,000
To Ravi A/c 10,000
(Being the cash dividend of 60 paise in a rupee out of his debt of Rs. 10,000 received from Ravi on his insolvency).
Hope it helps you dear......
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