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Breakage goods
I have purchased some goods from outside West Bengal, during transit some goods breakage. A insurance claim made for the breakage for Rs. 5000/- approx, after survey insurance company pass claim for Rs. 4500/- approx. What entry made in our books of account.
Replies (1)
Bank Account Dr for 4500
Loss on goods dr. 500
To inventory account 5000
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