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Vehicle repairs were made on the insured vehicle Rs 25000/-
on 20-1-2009. Insurance claim for Rs23000/- was received on
1-2-2009. Pass entries for both the occassions
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Answer / bhandari chetan, ahmednagar
Entry No.:
20.01.2009
(1) Vehicle Repairs A/c. Dr. 25,000
To XYZ Workshop A/c. 25,000
20.01.2009
(2) General Insurance Company A/c. 25,000
To Vehicle Repairs A/c. 25,000
01.02.2009
(3) Cash \ Bank A/c. Dr. 23,000
Deficit Insurance Claim A/c. 2,000
To General Insurance Company A/c. 25,000
01.02.2009
(4) XYZ Workshop A/c. Dr. 25,000
To Cash \ Bank A/c. Dr. 25,000
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