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Q.Goods worth Rs.5000 destroyed in fire? Insurance claim
received RS.4000 for the goods lost? Loss of Rs.1000 pass
the entries in the books of accounts?

Answer Posted / s k m

p&l a/c dr.1000
cash/bank a/c dr.4000

To goods a/c cr. 5000

Is This Answer Correct ?    5 Yes 14 No



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