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how we enter insurance claim entry in tally
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Answer / navneet bansal
Entery No. 01
-------------
at The time of Loss ( Assume Loss is By Fire)
Loss by Fire A/C Dr.
Purchase/Assets A/C Cr.
Entery No. 02
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at the time of Insurabce Claim Receive
Bank A/C Dr.
Loss By Fire A/C Cr.
Remaining Balance of Loss By Fire will effact to P&L A/C
| Is This Answer Correct ? | 34 Yes | 1 No |
Answer / syed shakir ali
DEBIT- BANK A/C DR
CREDIT- INSURANCE CLAIM A.C CR
NEXT ENTRY JV
INSURANCE CLAIM A/C DR
ASSET(WHICH WAS LOSSED) A/C CR
| Is This Answer Correct ? | 14 Yes | 4 No |
Answer / satish
if any thing happend to material or asset we claim to insurance.the entry is
Loss on asset or material A/c ..dr (Asset)
to Insurance Claim ac (receivables)
after getting the claim from Insurance company
Bank Ac ...dr
to Insurance claim ac
| Is This Answer Correct ? | 21 Yes | 15 No |
Answer / pradip
Entry Will Be
Bank A/C Dr
to Insurance A/c
we have give a note below that this claim is for thas assets
| Is This Answer Correct ? | 3 Yes | 13 No |
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