Bad debt a/c. Dr. 4,000.......Cash A/c. Dr. 6,000....... To Sohan's a/c. 10,000

**Journal Entry for Sohan's Insolvency**

To record the receipt of 60 paisa in the rupees on a debt of Rs 10000 from the official receiver, the following journal entry needs to be made:

**1. Determine the Account**
First, we need to identify the accounts involved in this transaction. In this case, we have:
- Sohan's Insolvency Account (Debtor's Account)
- Cash/Bank Account

**2. Identify the Type of Account**
Next, we need to determine the type of accounts involved. Sohan's Insolvency Account is a personal account, while Cash/Bank Account is a real account.

**3. Analyze the Transaction**
The transaction states that Sohan received 60 paisa in the rupees on a debt of Rs 10000 from the official receiver. This implies that Sohan has been declared insolvent and received a partial payment from the official receiver, representing only 60 paisa in the rupees (which is 60% of the total debt of Rs 10000).

**4. Journal Entry**
Based on the analysis, we can now proceed to make the journal entry:

Sohan's Insolvency Account Dr. | 6000
To Cash/Bank Account | 6000

Explanation:
- Sohan's Insolvency Account is debited with Rs 6000, representing the partial payment received from the official receiver.
- Cash/Bank Account is credited with Rs 6000, indicating the receipt of cash/bank deposit.

**5. Explanation of the Journal Entry**
- The entry debits Sohan's Insolvency Account to reduce the outstanding debt by the amount received.
- The credit to Cash/Bank Account reflects the increase in cash/bank balance due to the receipt of payment.

**6. Final Outcome**
After recording this journal entry, Sohan's Insolvency Account will show a reduced balance of Rs 4000 (Rs 10000 - Rs 6000). The Cash/Bank Account will reflect an increase in balance by Rs 6000.

Note: It is important to consult with a professional accountant or refer to relevant accounting standards and regulations to ensure accuracy and compliance in recording journal entries.