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Adjustment loss stock by fire (goods are insured or not insured)?

Accounting
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Question added by JOMON JOHNSON
Date Posted: 2018/09/09
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manaf almas
by manaf almas , Auditor , DAR AL NUZUM PUBLIC ACCOUNTANTS

MAKE ENTRY IN BOOKS

 

goods lost by fire account ,,,Dr

 

To purchase account ........CR

 

When we receive claim from insurance company

 

Bank account ...DR

 

To Good lost by fire ac /  Other income account

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