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Goods lost in transit

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 March 2013 IF GOODS LOST IN TRANSIT WHAT IS JOURNAL EANTRY, SELLER SEND GOODS TO BUYER WITHOUT INSURANCE WITH INSURANCE
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
31 March 2013 If without insurance

Dr:Loss of goods in transit
Cr: Stock

With insurance

Dr: Loss of goods in transit
Dr: Insurance recoverable
Cr:Stock

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