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Abs Ltd. Is a firm dealing …

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Abs Ltd. Is a firm dealing in a stationery items. One of the assets in the business destroyed by fire. The Accountant of the firm charged this loss against profit for that accounting Year but only to the extent not recoverable from insurance company. Name and explain the principle applied by Accountant to abs Ltd.

Posted by Ramanjeet Kaur 3 years, 7 months ago

CBSE > Class 11 > Accountancy

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