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how we enter insurance claim entry in tally
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Answer Posted / satish
if any thing happend to material or asset we claim to insurance.the entry is
Loss on asset or material A/c ..dr (Asset)
to Insurance Claim ac (receivables)
after getting the claim from Insurance company
Bank Ac ...dr
to Insurance claim ac
| Is This Answer Correct ? | 21 Yes | 15 No |
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