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What will be the entry in book, stock get destroyed in fire
of Rs. 1,00,000/- in two circumstances
i) Stock is insured.
ii) and stock is un-insured.

Answer Posted / sadhik basha s

i)stock is insured
first entry for provision

loss by fire A/c dr
to P&l a/c

second entry for claim insurance

insurence co a/c dr
To loss by fire a/c

Is This Answer Correct ?    3 Yes 2 No



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