Accountancy, asked by aryandutta, 11 months ago

(1)Goods worth 5,000 destroyed by fire.


(2)Insurance Company admitted claim for 4,000 only.

journal entry ​

Answers

Answered by manpreetmishra86
10

Answer:

insurance company account........ Dr. 5000

To trading account. 5000

2)insurance claimed Amt. account...... Dr. 4000

profit and loss account.......... ......dr. 1000

To insurance company account 5000

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