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goods lost by fire rs10000 & insurance claim received for
the same rs8000.what are the effect of this entry in final
accounts?
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- Amma Enterprises, BHU, HCL, Syntel, I also Faced
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Answer Posted / shiuly begam
Profit & Loss Account.......Dr Rs.3000
Insurance Claim Account ......Dr Rs.7000
To Trading Account Rs.10000
| Is This Answer Correct ? | 2 Yes | 8 No |
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