Q2028
On 28th March, 2019 stock worth Rs. 10,000 was lost by fire. The insurance company admitted full claim. On 31st March. 2019 while preparing Final Accounts, it will be shown
A.
Only in Trading Account
B.
Only in Profit and Loss Account
C.
Both in Trading and Profit and Loss Account
D.
Both in Trading Account and Balance Sheet
AnswerAnswer: Option D
Solution
Answer: Option D
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