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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

Answer Posted / 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



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