Job
22 Points
Joined May 2013
-> 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