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Mac Purchased on 15th Jan 12000/- 30th June Machinery
damaged due to Fire Accident 31st Dec received the
Insurance Premium 13000/-. Pass the Journal Entry for all
the above three
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Answer Posted / madhulika
15 JAN...
MACHINERY A/C...DR.
TO VENDOR OR BANK OR CASH A/C
30 JUN...
LOSS BY FIRE A/C...DR.
TO MACHINERY A/C
31 DEC...
BANK A/C...DR.
TO INSURANCE PREMIUM A/C
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