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?
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Answer Posted / ranjit
Loss by theft Account Dr 1000
Cash/Bank A/c Dr 4000
To Purchase Account 5000
| Is This Answer Correct ? | 3 Yes | 12 No |
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