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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 / rahul9353
purchase a/c dr
to cash
machinary purchased of rs 12000)
machinary lost by fire a/c dr 12000
to purchase 12000
cash a/c dr
to insurance premium
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / venugopal redddy
Machinery a/c Dr
To Cash
(being machinery purchased )
Cash a/c Dr
To Insurance premium
(Being insurance received)
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / leena
By machinery a/c Dr.
By cash a/c Dr.
To insurance premimum a/c cr
To cash a/c cr.
| Is This Answer Correct ? | 7 Yes | 7 No |
Answer / sunil
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/-
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / nrusingh panda
1.Machinery A/c--------dr Rs.12000.00
Cash A/c-------------cr Rs.12000.00
2.Insurance Prmimum A/cDr Rs.12000.00
Machinery A/c Cr Rs.12000.00
3.Cash A/c Dr Rs.13000.00
Insurance PremimumA/cCr Rs.12000.00
Profit on Assets Cr Rs. 1000.00
| Is This Answer Correct ? | 0 Yes | 0 No |
At the time of purchase of Assets
Machinery Dr 12000
To cash / Bank / party 12000
( 15 Jan)
30 june
Loss by fire Accident 12000
TO Machinery 12000
30 june Insurance claim of Machinery 12000
To loss by Fire Accident 12000
31 dec
Bank 13000
To Insurance claim of Machinery 12000
To Other Income 1000
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / santhosh singade
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
| Is This Answer Correct ? | 1 Yes | 3 No |
Answer / jitendra
1.machinary a/c dr. 12000
to cash/bank 12000
2.Loss by fire a/c dr.12000
to machinary 12000
3.Insurance claim a/c dr.12000
to machinary 12000
4.cash a/c dr. 13000
to insuarance claim 12000
to other income 1000
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / sirajudeen t
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
| Is This Answer Correct ? | 3 Yes | 6 No |
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
| Is This Answer Correct ? | 3 Yes | 6 No |
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