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.
Answers were Sorted based on User's Feedback
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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