Accountancy, asked by shubhangijaiswal1612, 5 months ago

Goods purchased for Rs. 10,000 which were fully insured Out of these goods of Rs. 8,000
destroyed by fire and Insurance Co. accept the claim of Rs. 5,000 and paid it.

Answers

Answered by AllenSingh
2

Answer:

Loss by Fire a/c Dr. Rs.10,000

To Purchase a/c Rs.4,000

To insurance a/c Rs.6,000

Loss by Fire a/c Dr. Rs.4,000

Insurance Co. a/c Dr. Rs.6,000

To Purchase a/c Rs.10,000

Loss by Fire a/c Dr. Rs.10,000

To Purchase a/c Rs.6,000

To insurance Co. a/c Rs.4,000

Loss by Fire a/c Dr. Rs.6,000

Insurance Co. a/c Dr. Rs.4,000

To Purchase a/c Rs.10,000

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