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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 / 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 |
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