Goods lost by fire and insurance claims journal entry
Asked by admin @ in Accountancy viewed by 481 People
✳️write a journal entry for
✴️Goods lost by fire Rs5000 & insurance company claim accepted rs 4000.✔️Ans must be relevantNo spamming❎
Answered by admin @
Loss by fire a/c Dr -1000
Insurance claim a/c Dr - 4000
To purchase a/c- 5000
(Being goods lost by fire and insurance claim accepted)
Thanks
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