Category: Accounting MCQs
Goods in stock worth 800 are destroyed by fire and the Insurance Co. is accepted the claim for 600. Adjustment would involve
Check Correct Option
Debit of 600 and 200 to insurance company and Profit and Loss Account respectively and credit of 800 to Trading Account
Accounting MCQs Test Preparation | Latest 2021 Quiz FPSC, NTS, KPPSC, PPSC, SPSC, BPSC, OTS, UTS, PTS, CTS, ATS, ETEA MCQs Test Questions.