commerce students answer this question plez ?????
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Explanation:
1)goods lost by fire account debit to goods account 2)insurance premium account debit to cash account ( as it is prepaid less from the this year insurance premium and put the of 5000 in balance sheet asset side)
3) cash account debit to bad debt recovery account
4)interest account debit to cash (calculate 6percent on 1000000
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Answer:
heya^_^
see my answer on one of ur question motion and then reply it on my questions✌
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