Journalise the following: (i) Sonam is declared insolvent. Received from his official Receiver a first and final dividend of 60p. in the rupee on a debt of Rs. 100. (ii) Mohan who owed me Rs. 200 has failed. He pays me a composition of 50p. in the rupee. (iii) Received cash for a bad debt written off last year Rs. 70.

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S.No.ParticularsL.F.Dr. (Rs.)Cr. (Rs.)(i)Cash A/c     Dr.Bad Debts A/c     Dr.To Soham(Received cash dividend of 60p. per rupee out of debt of Rs. 100 from Soham on insolvency)6040100(ii)Cash A/c     Dr.Bad Debts A/c     Dr.To Mohan(Received composition of 50p. per rupee from Mohan on debt of Rs. 200)100100200(iii)Cash A/c     Dr.To Bad Debts Recovered A/c(Cash received on recovery of bad debt previously written off)7070

S.No.	Particulars	Dr. (Rs.)	Cr. (Rs.)
(i)	Cash A/c Dr. Bad Debts A/c Dr. To Soham (Received cash dividend of 60p. per rupee out of debt of Rs. 100 from Soham on insolvency)	60 40	100
(ii)	Cash A/c Dr. Bad Debts A/c Dr. To Mohan (Received composition of 50p. per rupee from Mohan on debt of Rs. 200)	100 100	200
(iii)	Cash A/c Dr. To Bad Debts Recovered A/c (Cash received on recovery of bad debt previously written off)	70	70

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