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If A car in Name of company got damaged. and total amount of
its repairing is 15,000/- and insurance company give me
10,000/- of it. Balance amount we paid through bank or cash
.Then What is the entry for this in books.Kindly mention
Ledgers with their respective Group Head.
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Answer Posted / unknown
Vehicle Repair & Maintenance(Indirect Exp.) Dr.
To Insurance Claim
To Cash/Bank
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