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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

Answers were Sorted based on User's Feedback



Mac Purchased on 15th Jan 12000/- 30th June Machinery damaged due to Fire Accident 31st Dec receiv..

Answer / harish kumar

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

Is This Answer Correct ?    2 Yes 7 No

Mac Purchased on 15th Jan 12000/- 30th June Machinery damaged due to Fire Accident 31st Dec receiv..

Answer / niharika

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

Is This Answer Correct ?    2 Yes 14 No

Mac Purchased on 15th Jan 12000/- 30th June Machinery damaged due to Fire Accident 31st Dec receiv..

Answer / prema

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

Is This Answer Correct ?    1 Yes 15 No

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