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This query is : Resolved 
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(Querist)
21 June 2010 Hi

Please solve my below query

Rs.50000/- thousand worth able stock was destroyed by fire
For that we will get 25000/- insurance what entry we need to pass
In books

GS
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
21 June 2010
For Loss
Dr: Abnormal Loss(Stock)
Dr: Insurnace receivable
Cr: Stock A/c

For Insurance received

Dr:Bank
Cr: Insurance receivable
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Sridhar

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Sridhar (Querist)
21 June 2010 thank a lot Ramesh sir

Gs
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