Interested to Buy Any Domain ? << Click Here >> for more details...
Mac Purchased on 15th Jan 12000/-
30th June Machinery damaged due to Fire Accident
31st Dec received the Insurance Premium 13000/-.
Pass the Journal Entry for all the above three
- 23 Answers
- 26416 Views
- Genpact, I also Faced
- E-Mail Answers
Answer Posted / pawan kumar
on 15 jan
machine a/c dr 12000.00
to cash/bank/creditors a/c 12000.00
on 30 june
loss due to fire,of machine dr 12000.00
to machine a/c 12000.00
on 31 dec
bank a/c dr 13000.00
to fire insurance a/c 13000
| Is This Answer Correct ? | 3 Yes | 6 No |
Post New Answer View All Answers
Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times
How shall I calculate the true profit of my business, as I am a layman for accounting.
Explain why retained earnings have an opportunity cost associated?
why do you think you are sutable candidate for this post
Give a brief explanation of the fundamental accounting concept of prudence
what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching
All Accounting Question Related Send Me ..
how to make a project accounting in tally erp9 ?
what is joint venture?
How & When We Calculate Deffered Tax... Please Give me Some Example.?
EXPAND_________SDJMC
can you define exogenity endogenity both terms are from economics both are different from exogenous & endogenous variables. I can not find the answers. please help if you can....
why may types of accounts
what happens to each of the three primary financial statements when capital expenditures decrease?
company accounts introduction?
