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 / jitendra
1.machinary a/c dr. 12000
to cash/bank 12000
2.Loss by fire a/c dr.12000
to machinary 12000
3.Insurance claim a/c dr.12000
to machinary 12000
4.cash a/c dr. 13000
to insuarance claim 12000
to other income 1000
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