Question

goods stolen from the showroom rs 11000 . insurance company paid the claim rs 9700​

Answer 1

Answer:

What is your question ....

Answer 2

Answer:

The answer is in the explanation section.

Explanation:

Loss by theft A/c                                  1300

Cash A/c                                               9700

       To goods lost by theft A/c           11000

As, it says insurance company paid us 9700 hence we are using Cash A/c. If it said Insurance company has accepted/ admitted our claim, then the journal entry would have been;

Loss by theft A/c                                  1300

Insurance company A/c                       9700

       To goods lost by theft A/c           11000

Hope this answer helps:). If it does, make mine the brainliest answer.