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(Querist)
18 January 2014 treatment of stock destroyed by fires and insurance claim received
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Ganeshbabu K

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Ganeshbabu K (Expert)
19 January 2014 Dr.loss of stock(loss booking)
Cr.stock lost(create under purchases)
.
.
As and when money received from insurance co. Treat it as indirect income
.
.
Dr.bank
Cr.insurance claim received(create under indirect income)

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