A diamond ring worth Rs.1,00,000 was stolen from the shop of M/s Shine Jewelers on 25-03-2012. Insurance claim ofRs. 60,000 was admitted, but not paid by the insurance company till 31-03-2012. In this regard, no entry was passed in the books of A/c. The correct journal entry to be passed while preparing thefinal accounts on 31-03-2012 is_

• A. Pu0026L A/c Dr. 1,00,000 To Purchases A/c 1,00,000
• B. Insurance claim ReceivableA/cDr. 40,000 Lossby theft A/c Dr. 60,000 To Purchases A/c 1,00,000
• C. P u0026 L A/c Dr. 40,000 Insurance claim ReceivableA/c Dr. 60,000 To Purchases A/c 1,00,000
• D. None of theabove