Following extract is taken from the Trial Balance of Kabir as on 31st March, 2025: Purchases ₹ 4,50,000 Sales ₹ 3,75,000
Following extract is taken from the Trial Balance of Kabir as on 31st March, 2025:
A fire broke out on 31st March, 2025 and stock of ₹ 28,000 was destroyed. Itwas fully insured and the insurance company admitted the claim in full. Show the treatment in final accounts.
| Heads of Accounts | Dr. (₹) | Cr. (₹) |
| Purchases | 4,50,000 | — |
| Sales | — | 3,75,000 |
Anurag Pathak Answered question 28 seconds ago
