Question

Received claim for 900 from a customer for late supply of good claim admitted for500​

Answer 1

Answer:

Dear Student,

Journal entry will be :-

Date Particulars L.F Dr. Cr.

Insurance Claim A/c Dr.

To Ahmed A/c

(Being insurance claim due and rebate allowed. ) 1000

1000

Regards,

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student-nameDhvani Sharma answered this

109 helpful votes in Accountancy, Class XII-Commerce

Ahmed A/C ...Dr 1000

To Sales return A/C 1000

(Being goods sold returned by Ahmed)

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student-nameUtkarsh answered this

4 helpful votes in Accountancy, Class XII-Commerce

Ahmed a/c Dr. 1000

To Purchase REturn a/c 1000

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