GL A/C to be changed for R.M

Dear All,
We have certain raw materials at our plant.  Last week fire took place and many raw materials got damaged.  The damaged raw material are lying in X GL account ( Local inventory GL A/C ) in SAP. We want to transfer the damaged raw material to a new GL account say Y  ( Insurance claim recovery GL A/C )
How is it possible to transfer raw material from X GL A/C to Y GL A/C.
Suggestions / Solutions will be highly appreciated.
Regards,
( Rajneesh Gulati )

Thanks for your reply.  One clarification required. 
If I transfer material from Raw material storage location to scrap storage location thru tcode MB1C movt type 551. 
Will system ask for desired GL Account ? Where I have to enter the desired GL Account.
Pl. advise.
Regards,
( Rajneesh Gulati )

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