Answer / amjad

loss of stock Dr. ( this will be indirect exp.)

To stock A/c ( which is loss )

Answer / guest

loss of stock a/c dr.

To- stock

Answer / ganesh

In case of loss of stock, if there is Normal loss no entry
is required to pass in such cases price have to be
inflated.But for abnormal loss:-

Loss of stock A/c.....Dr.
To stock A/c

Answer / mohd rashid

NO ENTRY REQUIRED FOR NORMAL LOSS AND FOR ABNORMAL LOSS THERE ARE THREE POSSIBILITIES
1 STOCK FULLY COVERED BY INSURANCE THEN

INSURANCE COMPANY A/C DR
TO TRADING A/C
2 IF PARTLY COVERED THEN

INSURANCE COMPANY DR
P&L A/D DR
TO TRADING A/C

3. NOT COVERED

P&L A/C DR
TO TRADING A/C

Answer / devender kumar

Normally This type of entry is passed

Loss of stock a/c dr
to Purchase a/c cr

Because our stock will decrease from stock journally we dont pass journal entry of stock.

if we wrongly entered a payment as a receipt in cash book i.e 500000. then what is the difference in cash book and bank statement during the bank reconciliation.

1 Answers  

1. If i receive one invoice from our contractor on 01.08.10 , but the invoice date 30.07.10. My question is in what date i should take into account this transcation (i.e 30.07. Or 01.08.10) 2. If i receive a cheque from our customer on 30.08.10 but its not possible to deposit in the same date, because of closing of bank hours, it is possible only to deposit the cheque on next day only. In this case which date i should taken for account the transcation.

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what is tax invoices

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what is contra entry . plz explain with example.

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what is the difference between an A/C Payee cheque and a bearer cheque?

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Knowing what you know now, walk me through what you would do differently to drive even more success?

0 Answers  

I got below mail stating to pay 8000 rupees to Wipro but when I went to wipro in sajapur, it was fake mail. If u receives this kind of mail, please don’t respond. Please inform to ur friends regarding this. Wipro Limited Dear candidate Your Resume has been selected by ( Wipro Limited). I have attached your Interview Process letter with this email. Kindly see the attached file. Note - you can call in official working Hours Monday to Saturday – 9 Am to 2 Pm, Company Website – www.wipro.com Note - And more details you send a email Company Email Add – career@wiprolimited.in Best Of Luck For More Details Please Click Here Wipro Limited <atoz@wiprolimited.biz I received attachment mail as well.

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How many types of voucher?

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what is the journal entry for gas connection taken by company for preparing tea and coffee.

0 Answers  

What is cash profit

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What is purchasing order?

0 Answers  

if accounting year is 2010-11 which will be the assessement year.

7 Answers