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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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Answer Posted / ca uresh purwar 9899398197
Abnormal lose of goods by fire
To Purchase
If goods are insured and claim has been made then the amount of claim as given above
Insurance receivable against lost of goods by fire
To insurance received
bank
To insurance receivable
| Is This Answer Correct ? | 2 Yes | 5 No |
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