What will be the entry in book, stock get destroyed in fire
of Rs. 1,00,000/- in two circumstances
i) Stock is insured.
ii) and stock is un-insured.
- 5 Answers
- 11611 Views
- ANM Associates, I also Faced
- E-Mail Answers
Answer Posted / srinivas
When Stock is insured
Insurence a/c dr ( with amount insurence received)
P & L A/c Dr ( with amount of loss)
To Trading Account (Total Loss amount)
When Stock is not insured
P & L a/c dr
To Trading a/c
| Is This Answer Correct ? | 5 Yes | 4 No |
Post New Answer View All Answers
Do v call director in the partnership firm?
What is the base for issuing of C-form date of sale or date of purchase since goods sent by one quarter ended may reach in next quarter.
Mostly what type of manufactures are coming under TDS and basic rate for each category
What is finance lease
What are the duties of sales tax department? Explain it
What do you mean by Adjustment
can any one send me payables real time scenarious or any projects
EXPAND_________SDJMC
What is the difference between Deffered Tax Assets & Deffered Tax Liabilities
What are the different payrolls? how we calculate the exmployee payroll? how we calculate the employee salaries details?
What si the differance between REVENUE and PROFIT?
how to check which item is sold by the sundry debtors in tally?
how to maintain E-Commerce companies accounts
Since the interest rates on fixed deposits are very low as compared to the other growth oriented investment options, what are the permitted investment options that a public trust like that of a private school or small credit societies have and which are permitted by charity commissioner, Mumbai
What is limit of turnover for registering under CST & limit of Form 'C '
