| 1 | Cash A/c | Dr. | 70000 |
| Insurance Alim recived | Dr. | 5000 | |
| Loss on Fire | Dr. | 5000 | |
| Los on Sale | Dr. | 20000 | |
| To Inventory | Cr. | - 100,000.00 | |
| 2 | P & L A/c | Dr. | 25000 |
| Los on Sale | Cr. | -20000 | |
| Loss on Fire | Cr. | -5000 |
Is this entry Correct./.??? Kindly advise me if i'm wrong..!!
CAclubindia
