Accounting and Finance for Bankers

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Que : Goods costing Rs. 8,000 were damaged by fire. Insurance company admitted a claim of Rs. 6,500. Profit & Loss a/c will be debited with ____

A. Rs. 8,000 B. Rs. 6,500 C. Rs. 4,500 D. Rs. 1,500

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Description:

Profit & Loss a/c will be debited with
= 8000 ? 6500 = 1500

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