Answer Posted / rabindra mallick
# If not Insured-
Profit & Loss a/c
To Trading (Stock) a/c Cr.
# If Partly Insured-
Insurance Claim a/c Dr.
profit & Loss a/c Dr.
To Trading (stock) a/c Cr.
# If fully insured-
Insurance Claim a/c Dr.
To Trading (stock) a/c Cr.
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