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Journal Entry : Financial Accounting 1 (iii)Saeed Bhd was sued on June 30, 2018 but the judgment was only handed down on July 21, 2018.
Journal Entry : Financial Accounting 1
(iii)Saeed Bhd was sued on June 30, 2018 but the judgment was only handed down on July 21, 2018. The Company was found liable for damages and cost amounting to N31million were awarded against it. On July 22, 2018, Saeed Berhad filed a claim with its insurers and on July 29, 2018, it was notified that the insurer would only cover N26 million of the lossStep by Step Solution
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Financial And Managerial Accounting
Authors: Carl S. Warren, Jefferson P. Jones, William B. Tayler
15th Edition
1337902667, 9781337902663
