intermediate accounting

-> For insurance payment entry

Insurance a/c dr--1000

to bank a/c        ---1000

->loss of stock by fire

loss of stock by fire a/c dr-2000

to Material cr                  --2000

-> Insurance claim

bank account dr--1000

 to loss of stock by fire a/c-1000

is it correct||||||||||||||||||||? let me know i am wrong

1. insurance premiun a/c Dr.

      To bank

2. a. loss of stock a/c Dr.

              To Trading a/c

2. b. Profit and loss A/c    Dr.

               To loss of stock A/c

3. a. bank a/c                     dr.

              To Insurance Claims

3. b. Insurance claims   a/c  dr.

              To Profit and loss a/c

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