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What will be the entry in book, stock get destroyed in fire
Of rs. 1, 00,000/- in two circumstances?
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Answer Posted / rakesh verma
I agree with the answer of Ravi Harjai, but I think second
entry should be as :
Insurance co. a/c Dr. 75000 (for example)
To Loss bu fire a/c 75000
balance amount would be automatically shown as not accepted
amount by insurance company.
| Is This Answer Correct ? | 2 Yes | 4 No |
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