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What will be the entry in book, stock get destroyed in fire
of Rs. 1,00,000/- in two circumstances
i) Stock is insured.
ii) and stock is un-insured.
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Answer Posted / sadhik basha s
i)stock is insured
first entry for provision
loss by fire A/c dr
to P&l a/c
second entry for claim insurance
insurence co a/c dr
To loss by fire a/c
| Is This Answer Correct ? | 3 Yes | 2 No |
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