goods lost by fire rs10000 & insurance claim received for
the same rs8000.what are the effect of this entry in final
accounts?
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Answer Posted / khushal
Profit & loss A/c.........dr 2000
Insurance claim A/c ......dr 8000
To Purchase A/c. 10000
Bank A/c ................dr 8000
To Insurance Claim 8000
| Is This Answer Correct ? | 17 Yes | 5 No |
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