Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 143389 Views
- IBM, MTM, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / anjum a
Loss By Fire A/C Dr.
To Purchase A/c
(Being goods lost due to Fire)
At the end of the year the loss will be transferred to Profit & Loss A/c,that time the following entry will be passed :-
Profit & Loss A/c Dr.
To Loss By Fire A/c
(Being loss by fire transferred to P&L A/C)
| Is This Answer Correct ? | 2 Yes | 3 No |
Answer / manoj mishra
Loss by Fire A/c --Dr
To Purchase A/C
P&L A/C ----Dr.
To Loss by Fire A/C.
If the goods is insure and claim is received in part.
Cash A/C ----Dr.
To Insurance Com. A/C
Insurance Com. A/C---- Dr.
Loss on Claim A/C ----Dr.
To Loss by Fire A/C
P&L A/C ----Dr.
To Loss by Claim A/C
| Is This Answer Correct ? | 8 Yes | 9 No |
Answer / tushar
Loss by fire A/C. Dr
To Goods Destroyed by fire A/C
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / anil
Claim receivable A/c Dr. XX
Loss by fire A/c Dr. XX
To Loss of Goods A/c XX
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / kiran negi
Debit Stock A/c
To Credit Goods lost by fire A/c
| Is This Answer Correct ? | 4 Yes | 18 No |
what is the role mis
What is ‘Dual Control’ in Master Records?
Do you know what are trade bills?
Can a company deduct TDS & provide TDS certificate for a bill without actually making payment towards the same??
What are the important things to be remembered while preparing a bank reconciliation statement?
as we are working in erp jd edwards in this the company gives advances to their employee for expenses n receives the amount either by cash or receives the same by deducting the salaries wt type of accounting entry will be passed
If a transaction was missed completly how do you find it?
On monday my interview in TCS as an general accounts executive some one tell me about there process its realy urgnet for me how may process of interview i want to passout for selection and which type of question i will face at the time of intervew its urgnet for me please guide me for succuessful interview its realy needful for me my question is any one having aptitude test paper sample
SIR , PLZ DEFINE 'H' FORM,E1 FORM,D2 FORM
WHAT ENTRY PASSED IN BOOOKS OF ACCOUNT IF INVOICE BILING AS UNDER :. SUB TOTAL = 428325.45 VAT @12.5%= 53540.68 Additional vat 1%= 4283.25 ORDER DISCOUNT = (9722.99) ROUNDED OFF = 0.39 -------------------------- NET AMOUNT = 476426.00
what is sensex
if a company purchased measurement tape for office use .. it comes under which expense head
Audit 
