A company sold goods on credit of the value ₹ 500000 on 1st May 2009 to a party named Z Ltd. paid ₹


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A company sold goods on credit of the value ₹ 500000 on 1st May 2009 to a party 
named Z Ltd. paid ₹ 250000 on 25th August 2009. On 12th Dec 2009 Z Ltd. refused to 
pay balance amount and it becomes bankrupt. During the financial year 2009-10,pass journal entries.and state AS