What would be treatment of insuance claim received when
vehicle is damaged and related exp. is already debited to
Repair and Main. A/c
Answer Posted / s. basu.
The claim amount should be shown as Indirect Income.
| Is This Answer Correct ? | 2 Yes | 4 No |
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is replacement of DVD writer come under fixed assets. I think that it cannot increase earning capacity or it cannot any separate identity.please clarify me
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