Goods destroy by fire-journal entry?
Answers were Sorted based on User's Feedback
Answer / sukanta saha
goods destroyed by fire A/C debit
purchase A/c credit
| Is This Answer Correct ? | 57 Yes | 31 No |
Answer / rabindra mallick
# If not Insured-
Profit & Loss a/c
To Trading (Stock) a/c Cr.
# If Partly Insured-
Insurance Claim a/c Dr.
profit & Loss a/c Dr.
To Trading (stock) a/c Cr.
# If fully insured-
Insurance Claim a/c Dr.
To Trading (stock) a/c Cr.
| Is This Answer Correct ? | 53 Yes | 29 No |
Answer / sandeep kumar chhajlana
Loss by fire a/c Dr.
To stock/inventory a/c
| Is This Answer Correct ? | 9 Yes | 1 No |
Answer / angel
Goods destroyed ac ....Dr
To trading account
And second entry
Balance sheet asset side
| Is This Answer Correct ? | 10 Yes | 11 No |
Answer / debraj pal
Closing Stock A/c Dr
To P/L Acct
P/L Acct Dr
To Goods destroyed by fire
| Is This Answer Correct ? | 39 Yes | 41 No |
Answer / suraj dubey
Loss by fire A/c Dr.
To Destroyed by fire A/c
| Is This Answer Correct ? | 7 Yes | 11 No |
If i have started a new institution than what are the entries i have to passed in tally
I have received a cheque from customer and i deposited into the bank next 4-5 days cheque has been bounced by the bank. Pls tell me what is reverce entry in the tally for cheque bounced and which option i will enter in journal or payment entry. Salary . is it direct exp or indrect exp.
Explain purchase day book.
IS THERE ANY DIFFERENCE BETWEEN PAID UP CAPITAL AND PAID IN CAPITAL?
whaT IS THE notional cash pooling
What is the Major Difference between Revised Schedule VI and Old Schedule VI ?
Honda car dr 11556 purchase 25/08/2010 to bank cr 4100 to loan cr 7456 Installment paid upto 31/7/2012 @ 207/-pm (total 4761/-) Loan Bal. 2695/- Car was cancelled due to accident in June-2012. Finance company refunded 6656/-(15/08/2012) Total accumulated depreciation was 5202.318. what will be the Car write-off entry..??
What is the accounting treatment for goods taken from business for office use
HI FRIENDS CAN ANY BODY PASS THIS JOURNAL ENTRY: LOSS OF STOCK PLS PASS THIS JOURNAL ENTRY FRIENDS?
how to know which item is contingent liability? and why it is not taken in treatment in final a/c....
As you know any other accounting application?
What will be the journal entries in case of tax collevted at source.