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 / tejeshwar khandelwal
Insurance Company's Claim A/c Dr.8,000
Loss by fire A/c Dr.2,000
To Goods/Stock A/c 10,000
(Being goods lost by fire and insurance company's claim
received.)
| Is This Answer Correct ? | 82 Yes | 33 No |
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