Accountancy, asked by Venom099, 9 months ago

Goods destroyed by fire company admitted to claim of 3000
What is 2 effect in final account

Answers

Answered by singhprince0457

2

Answer:

Explanation:

By goods lost by fire Rs 5000 in credit of trading account

To loss by fire Rs 2000 in debit of p&l

account

Insurance claim Rs 3000 in current assets in balance sheet

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