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.
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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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