Interested to Buy Any Domain ? << Click Here >> for more details...
goods lost by fire rs10000 & insurance claim received for
the same rs8000.what are the effect of this entry in final
accounts?
- 17 Answers
- 78755 Views
- Amma Enterprises, BHU, HCL, Syntel, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / pravin mishra
trial balance cr side goods lostt by fire 10000.
profit and los account dr side loss on goods lost by fire
2000.
balance sheets asset side insurance claim 8000.
| Is This Answer Correct ? | 164 Yes | 42 No |
Answer / bandu deshmukh
effect 1 }trading a/c cr . by goods lost by faire RS=10,000.
2) p& l A/C Dr . to loss by fire Rs=2000.
3} Balansheet assitside : insurance claim received
Rs=8000
| Is This Answer Correct ? | 131 Yes | 15 No |
Answer / shaishav
Loss by fire a/c Dr 10000
To Purchases a/c 10000
Insurance claim received a/c Dr 8000
Profit and loss a/c Dr 2000
To Loss by fire a/c 10000
And if cash received...
Cash a/c Dr 8000
To Insurance claim a/c 8000
and i am right....:)
| Is This Answer Correct ? | 107 Yes | 28 No |
Answer / suryakiran
Goods lost by fire a/c dr
To Purchases
P&L a/c dr
To Goods lost by fire a/c
AND
Insurance claim received a/c
To P&L a/c
| Is This Answer Correct ? | 42 Yes | 28 No |
Answer / tarun
cost of goods lost Dr 10000
to trading account 10000
insurance claim ac Dr 8000
To loss of goods 8000
p& l ac Dr 2000
To loss of goods 2000
cash ac Dr 8000
To ins. claim 8000
| Is This Answer Correct ? | 19 Yes | 5 No |
Answer / khushal
Profit & loss A/c.........dr 2000
Insurance claim A/c ......dr 8000
To Purchase A/c. 10000
Bank A/c ................dr 8000
To Insurance Claim 8000
| Is This Answer Correct ? | 17 Yes | 5 No |
Answer / john
Particulars | Debit Amount | Credit Amount |
| | |
Loss by Fire A/c Dr. 10000
To Purchases A/c 10000
Insurance Co. Dr. 10000
To Loss by Fire A/c 10000
Bank A/c Dr. 8000
Profit and Loss A/c Dr. 2000
To Insurance Co. 10000
| Is This Answer Correct ? | 13 Yes | 1 No |
Answer / keshav gc
purchases ......
less:good loss by fire 10000.
...p/L alc dr 2000...
balance sheet.... assets 8000
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / ramzan kuldunkar
Trial balance credit side goods lost by fire 10000.
profit and los account debit side loss on goods lost by fire
2000.
balance sheets asset side insurance claim 8000.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / aditya jha
To goods destroy by fire A/C DR. In trading account.
Insurance claim A/C DR. In Assett side
| Is This Answer Correct ? | 0 Yes | 0 No |
how will be the entry of service tax on freight?
how to individual capital account.
CAN C FORM AND F FORM BE ISSUED FOR SAME JOB WORK CONTRACT CONSIGNMENT
How to set/ determine Credit limit of a customer in Manufacturing and Trading Business?
what are doucement required under registration of properity firm. give the answer breif
what is MIS Report
Why do you prepare a P/L Appropriation a/c?
entry for cheque bounce
plz can some one tel me "The concept of stock holder's equity and paid in capital".
i have selected jr. accountant/ auditor in ssc graduate level 2008 scheme b. but i have not yet received deptt. memo and also appointment letter. when it will be come??? how much time???
IS CASH DISCOUNT/RECIVED IS OPERATING EXPENSE/INCOME?
I have an interview on accounts payable.In my CV I have written I have done accounts related work including finalization And i worked on Tally So what kind of questions i am expected to receive in interview.
Audit 
