how we enter insurance claim entry in tally
- 4 Answers
- 30669 Views
- Unibiz, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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
-------------
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 |
claim of workers pf esic contribution as expenditure in profi & loss a/c under head manufacturing or Administrative exp ?
main features of different sources of short-term finance ?
What is the difference between an Invoice and a Proforma Invoice?
i want to know about VAT & CST (inculding its Form No.)
wt is Bank Guarantee?wt the pr0 cedure of BG
Why do you prepare a P/L Appropriation a/c?
what is financial year?what is the difference between accounting and financial year
when we purchase of tractors and two wheeler vehicle from other state what we get taxes exemptions
when I make a telephone payment to Airtel, under which group airtel fall?
Explain what is liabilities and what all does include in current liabilities?
WHAT IS THE DEFINATIN OF IDENTICAL GOODS AND SIMILAR GOODS? WITH EXAMPLE?
Under which Act( Com/IT) depreciation debit to P & L ?
Audit 
