Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

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 / satyaki_raju@yahoo.com

1st entry


Debit Insurance co with insurance claim amount
credit Insurance claim with the above amount
2nd entry
Debit bank a/c with claim amount
Credit Insurance co

Is This Answer Correct ?    2 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is the steel consumption per sq ft for ground plus 12 floors

1555


which type audit for your company account

2283


What are the basic principles of an internal audit controlsystem?

1163


What techniques used during an audit?

1242


Tell me that how I can evaluate the internal control audit?

1098


i read in andhra bank recruitmentin that i saw english languages marks are eligible what is that eligible mark

2215


Explain the purpose of meeting in audit?

1183


What do you mean by vouching?

1166


Which books are helpful for practising accounting's most tricky sums?

1586


How to do an internal audit effectively?

1112


Explain the importance of evaluating an internal audit department?

1070


Why do you want to work in audit?

1226


What are intangible assets?

1114


what audit procedure i can do in the share capital account of a company and why it have been apply?

4211


Explain the difference between internal audit and statutory audit?

1252