Question

Goods worth Rs.10,000 were destroyed by fire and Insurance company admitted a claim of Rs.8,500 for the same jornalise the entry.

Answer 1

loss by fire ac dr 1500

insurance ac dr 8500

to purchase 10000

Explanation:

The Insurance Company agreed to pay 8500 of goods destroyed which was worth 10,000. Thus, the company has to incur loss of 1500 only out of 10,000.

Answer 2

Explanation:

डिप्रैकेशन चार्ज ऑन मशीनरी फॉर रुपीस वन टू मेक इट जर्नल एंट्री