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 / 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
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