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What is the journal entry for good loss by fire? claim
receive from insurance company? after claim received the
loss occoured entry?
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Answer Posted / padmanava padhi
Loss of Stock a/c dr
To Trading A/c
P/L a/c dr
To Loss of stock a/c
we have to pass two entries in this case.
| Is This Answer Correct ? | 32 Yes | 35 No |
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