Goods worth Rs.10,000 was destroyed by fire and insurance company admitted the claim of 60%. The journal entry

Loss by Fire a/c Dr. Rs.10,000 To Purchase a/c Rs.6,000 To insurance Co. a/c Rs.4,000

Loss by Fire a/c Dr. Rs.10,000 To Purchase a/c Rs.4,000 To insurance a/c Rs.6,000

Loss by Fire a/c Dr. Rs.4,000 Insurance Co. a/c Dr. Rs.6,000 To Purchase a/c Rs.10,000

Loss by Fire a/c Dr. Rs.6,000 Insurance Co. a/c Dr. Rs.4,000 To Purchase a/c Rs.10,000

Goods worth Rs.10,000 was destroyed by fire and insurance company adm

1.	Goods worth Rs.10,000 was destroyed by fire and insurance company admitted the claim of 60%. The journal entry
A.	Loss by Fire a/c Dr. Rs.10,000 To Purchase a/c Rs.4,000 To insurance a/c Rs.6,000
B.	Loss by Fire a/c Dr. Rs.4,000 Insurance Co. a/c Dr. Rs.6,000 To Purchase a/c Rs.10,000
C.	Loss by Fire a/c Dr. Rs.10,000 To Purchase a/c Rs.6,000 To insurance Co. a/c Rs.4,000
D.	Loss by Fire a/c Dr. Rs.6,000 Insurance Co. a/c Dr. Rs.4,000 To Purchase a/c Rs.10,000
Answer» C. Loss by Fire a/c Dr. Rs.10,000 To Purchase a/c Rs.6,000 To insurance Co. a/c Rs.4,000