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If A car in Name of company got damaged. and total amount of
its repairing is 15,000/- and insurance company give me
10,000/- of it. Balance amount we paid through bank or cash
.Then What is the entry for this in books.Kindly mention
Ledgers with their respective Group Head.
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Answer / g.husen
a - Repair & maintenance A/c - Dr.15000.00
b - Insurance Company Ac - Cr. 10000.00
c - Cash & Bank Ac - Cr. 5000.00
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / unknown
Vehicle Repair & Maintenance(Indirect Exp.) Dr.
To Insurance Claim
To Cash/Bank
| Is This Answer Correct ? | 3 Yes | 0 No |
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