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If car has stolen and the company received claim against the same after some year then the difference should be transferred to P&L account as indirect income. So what should we write accurately in the credit side i.e. insurance claim or any specific word for the same? Wdv today 83,240 claim received 4,74,000 Difference Rs. 3,90,760 Entry Cash dr 474000 TO CAR 83240 TO INSURANCE CLAIM 390760
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