By machinery a/c Dr.
By cash a/c Dr.  
To insurance premimum a/c cr
To cash a/c cr.

by purchasing a/c       dr. 
by machy a/c            dr. 
by insurace premi a/c   dr.
      to cash a/c

by cash a/c dr.
      to pur ac.
       to machy ac.
       to insu premi ac.

Mac A/C Dr.
 To cash A/C

Mach Damaged A/c Dr.
 To Mach A/c

Cash A/c Dr.
To Insurance prm

15TH JAN                    DEBIT    CREDIT
MACHINARY A/C              12000/- 
  TO CASH/CREDITOR A/C                12000/-

30TH JUNE

INSURANCE PREMIUM CLAIM A/C  12000/-
  TO MACHINARY A/C                    12000/-

31ST DEC

CASH / BANK A/C             13000/-
  TO INSURANCE PREMIUM CLAIM A/C       12000/-
  TO OTHER INCOME                       1000/-

15TH JAN                    DEBIT    CREDIT
MACHINARY A/C              12000/- 
  TO CASH/CREDITOR A/C                12000/-

30TH JUNE

INSURANCE PREMIUM CLAIM A/C  12000/-
  TO MACHINARY A/C                    12000/-

31ST DEC

CASH / BANK A/C              13000/-
  TO INSURANCE PREMIUM CLAIM A/C       12000/-
  TO OTHER INCOME                       1000/-

15th jan
Machine a/c dr. 12,000
   To Cash a/c         12,000

30th June
Loss by fire a/c dr.  12000
    To Machine a/c          12000

Insuracne Primium a/c dr.12000
    To loss by fire a/c       12000

31st Dec
Cash a/c dr.            13000
     To Insurace premium a/c 13000

DATE        PARTICULARS        DEBIT        CREDIT

15th Jan    Machinery A/c Dr   12000  
              To Cash/Bank                  12000


30th June   Loss of damage 
            of machinery A/c   12000
              To Machinery a/c              12000

31st Dec    Cash/Bank A/c Dr   13000
              To Insurance
                 Premium                    12000
              TO Interest                    1000

on 15 jan

machine a/c dr 12000.00
to cash/bank/creditors a/c 12000.00

on 30 june

loss due to fire,of machine dr 12000.00
to machine a/c  12000.00

on 31 dec

bank a/c dr 13000.00
to fire insurance a/c 13000

DEBIT              CREDIT
MACHINARY A/C              12000/- 
  TO CASH/CREDITOR A/C                       12000/-



INSURANCE PREMIUM CLAIM A/C  12000/-
  TO MACHINARY A/C                           12000/-



CASH / BANK A/C             13000/-
  TO INSURANCE PREMIUM CLAIM A/C       12000/-
  TO PRofit/loss                       1000/-

15TH JAN                        DEBIT               CREDIT
MACHINERY A/C                   12000         
   TO CASH/BANK/CREDITORS A/C                      12000

30TH JUNE
LOSS DUE TO FIRE A/C             12000
    TO MACHINERY A/C                               12000

31ST DEC
BANK A/C                         13000
   INSURANCE PREIMUM CLAIM A/C                     12000
   OTHER INCOME A/C                                 1000

15th Jan    MACHINERY A/C DR.            12,000
               TO CREDITOR A/C                   12,000


30th June   MACHINERY DAMAGE A/C DR.     12,000
               TO MACHINERY A/C                  12,000

31st Dec.   INSURANCE CLAIM A/C DR.      13,000
               TO INSURANCE PREMIUM A/C           13,000

            INSURANCE PREMIUM A/C DR.    13,000
               TO MACHINERY DAMAGE A/C           12,000
               TO MACHINERY A/C                   1,000

15TH JAN                    DEBIT    CREDIT
MACHINARY A/C              12000/- 
  TO CASH/CREDITOR A/C                12000/-

30TH JUNE

INSURANCE PREMIUM CLAIM A/C  12000/-
  TO MACHINARY A/C                    12000/-

31ST DEC

CASH / BANK A/C              13000/-
  TO INSURANCE PREMIUM CLAIM A/C       12000/-
  TO OTHER INCOME                       1000/-

First entry

Machinary A\c
    To Cash\bank\x   (x means credit purchase)


Second entry

 Insurance claim A\c 13000
          To Machinary A\c 12000
          To P&L A\c        1000

Machinery a/c dr.12000
        to cash a/c               12000

loss by fire a/c dr. 12000
        to machinery a/c           12000

Cash a/c dr.             13000
         to Insurance premium a/c  13000

Ins. claim a/c dr. 12000
       to machinery a/c        12000
       to profit a/c           1000