Q1598
An insurance claim of Rs. 3,000 was accepted in respect of stock of Rs. 5,000 which was destroyed by fire. Balance of Rs. 2,000 would be debited to
A.
Trading Account
B.
Profit and Loss Account
AnswerC.
Stock Account
D.
Bad Debts Account
Answer: Option B
Solution
Answer: Option B
No explanation is given for this question Let's Discuss on Board