good destroyed by fire 20000 insurance company admitted the claim for 15000 (good were originally purchased at 6% CGST and 6% SGST
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What's the question..?
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chapter name, class..?
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loss by fire a/c. Dr. 22,400
to pur. a/c. 20,000
to input cgst a/c. 1200
to input sgst a/c. 1200
( being loss by fire)
insurance co. Dr. 15,000
to loss by fire. 15,000
( being ins. co. paid claim )
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