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goods lost by fire rs10000 & insurance claim received for
the same rs8000.what are the effect of this entry in final
accounts?
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Answer Posted / pravin mishra
trial balance cr side goods lostt by fire 10000.
profit and los account dr side loss on goods lost by fire
2000.
balance sheets asset side insurance claim 8000.
| Is This Answer Correct ? | 164 Yes | 42 No |
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