closing stock rupees 10,000 was destroyed by fire And The GIC admitted claim for 9500 only journal entry
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Don't know Yar sorry really you help me but I don't know your ans
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loss by fire a/c Dr 10,000
to purchase 10,000
insurance comp a/c Dr 9,500
profit and loss a/c Dr 5,00
to loss by fire a/c
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