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What would be treatment of insuance claim received when
vehicle is damaged and related exp. is already debited to
Repair and Main. A/c
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Answer Posted / arvind kr.
It shud be : REPARIS & MAINTENANCE A/C DR.
INSURANCE CO. CR.
WHN THE CLAIM AMOUNT IS RECD.
BANK A/C DR.
INSURANCE CO. CR.
| Is This Answer Correct ? | 0 Yes | 6 No |
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