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Question · Compensation from third parties

The court recognises that Salvane is entitled to compensation of 380,000 owed by a third party that damaged its investment property. The compensation becomes receivable today (case data). Record the corresponding entry, the loss on the property being recognised elsewhere.

Compensation that became receivable
380,000
Your answer
  1. Line 1

    Account Compensation receivable

  2. Line 2

    Account Other income

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