Loss by fire or theft...all journal entries

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Student
28 Points Posted on 17 November 2015
can someone tell all journal entries when goods are lost by fire or theft and afterwards insurance claim is received.
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On 17 November 2015 at 02:55 Report
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Accounts Manager
795 Points Posted on 09 December 2015

Claims Receivable Dr

Stock Cr

Is it OK

Suppose if you have not recd the full claim balance can be w/off

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On 09 December 2015 at 15:14

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