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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 Posted / 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 |
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