which was Destroyed by Fire :

An insurance claim of Rs. 300 was accepted in respect of stock of Rs. 500, which was destroyed by fire. Rs. 200 not covered by insurance should be debited to which one of the following?

  1. Stock account
  2. Trading account
  3. Profit and loss account
  4. Goodwill account
Anurag Mishra Professor Asked on 28th November 2015 in Economics.
Add Comment
  • 2 Answer(s)

    Answer: (3) Profit and loss account 

    Anurag Mishra Professor Answered on 29th November 2015.
    Add Comment

    Answer is (3) Profit and Loss Account

    Monis Rasool Professor Answered on 29th November 2015.
    Add Comment
  • Your Answer

    By posting your answer, you agree to the privacy policy and terms of service.