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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 / santhosh singade
15th Jan MACHINERY A/C DR. 12,000
TO CREDITOR A/C 12,000
30th June MACHINERY DAMAGE A/C DR. 12,000
TO MACHINERY A/C 12,000
31st Dec. INSURANCE CLAIM A/C DR. 13,000
TO INSURANCE PREMIUM A/C 13,000
INSURANCE PREMIUM A/C DR. 13,000
TO MACHINERY DAMAGE A/C 12,000
TO MACHINERY A/C 1,000
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