Question: Firm received a B/R for rs 8,000 from a customer, Mohan. The bill was discounted from the bank but on due date of the bill,

Firm received a B/R for rs 8,000 from a customer, Mohan. The bill was discounted from the bank but on due date of the bill, Ram became insolvent and paid 40 paisa in a rupee. If the firm is also dissolved, what entry will be passed for B/R?

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