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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
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Answer Posted / nitin sharma
15TH JAN DEBIT CREDIT
MACHINERY A/C 12000
TO CASH/BANK/CREDITORS A/C 12000
30TH JUNE
LOSS DUE TO FIRE A/C 12000
TO MACHINERY A/C 12000
31ST DEC
BANK A/C 13000
INSURANCE PREIMUM CLAIM A/C 12000
OTHER INCOME A/C 1000
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