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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 / suryakiran
Goods lost by fire a/c dr
To Purchases
P&L a/c dr
To Goods lost by fire a/c
AND
Insurance claim received a/c
To P&L a/c
| Is This Answer Correct ? | 42 Yes | 28 No |
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