GOODS LOST BY FIRE 100 RS,
INSURANCE MONY RECEIVED 120,40 PENDING FOR FINAL SETTLEMENT-
Journal Entry
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Answer Posted / Prashant Sirohi
{"Journal Entries":["Debit Account - Loss due to Fire (100 Rs)", "Credit Cash (100 Rs)", "Debit Account - Insurance Received (120.40 Rs)", "Credit Account Payable - Insurance Company (120.40 Rs)"]}
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