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What will be the journal entry for good lost by fire. How
many entries will be passed in the books of account for the
same.
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Answer Posted / d.k.d
P&L A/c.........dr
to Lost by fire a/c...cr
| Is This Answer Correct ? | 91 Yes | 67 No |
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GOODS LOST BY FIRE 100 RS, INSURANCE MONY RECEIVED 120,40 PENDING FOR FINAL SETTLEMENT- Journal Entry
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