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Mac Purchased on 15th Jan 12000/- 30th June Machinery
damaged due to Fire Accident 31st Dec received the
Insurance Premium 13000/-. Pass the Journal Entry for all
the above three

Question Posted / 29.01.09


Mac Purchased on 15th Jan 12000/- 30th June Machinery damaged due to Fire Accident 31st Dec receiv..

Answer / madhulika

15 JAN...
MACHINERY A/C...DR.
TO VENDOR OR BANK OR CASH A/C

30 JUN...
LOSS BY FIRE A/C...DR.
TO MACHINERY A/C

31 DEC...
BANK A/C...DR.
TO INSURANCE PREMIUM A/C

Is This Answer Correct ?    3 Yes 1 No

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