sir, some body tell me how i treat the abnormal fire loss stock :-our company suffer a fire loss during goods in transit (goods were hold at warehouse and fire occured) now how i account for the loss and what type of ledger should i create and under which group

1 Answers  

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We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.

0 Answers  

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WHAT IS THE MEANING OF ACCOUNTING

3 Answers  

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what do you mean by the word Purchase

3 Answers   Capital IQ,

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what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?

0 Answers   HCL,

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how to value stock?

1 Answers  

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What is the journal entry for paying 50000 rs. To xyz co. For professional fees after deducting tds on that.

7 Answers   Genpact,

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WHAT WILL BE ENTRY IF COMPANY PURCHASE A DOG FOR SECURITY PURPOSE?

3 Answers  

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why net profit shown liabilities side in balance sheet

9 Answers   DuPont, FactSet Systems,

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I WRITE GROUP-4 EXAMINATION.I STADIYING INTERMEDET HOW MANY PARSANTEGE OF GROUP-4 EXAMINETIN

0 Answers  

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give 3 reasons why capital is referred to as a special liability

0 Answers   KCA University,

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What will be the journal entry for good lost by fire. How many entries will be passed in the books of account for the same.

29 Answers   IBM, MTM,

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