goods lost by fire rs10000 & insurance claim received for
the same rs8000.what are the effect of this entry in final
accounts?
- 17 Answers
- 73700 Views
- Amma Enterprises, BHU, HCL, Syntel, I also Faced
- E-Mail Answers
Answer Posted / suryakiran
Goods lost by fire a/c dr
To Purchases
P&L a/c dr
To Goods lost by fire a/c
AND
Insurance claim received a/c
To P&L a/c
| Is This Answer Correct ? | 42 Yes | 28 No |
Post New Answer View All Answers
What are the objects of cost accountancy?
Tell me what do you think is bank reconciliation statement?
Tell us what is the abbreviation for the accounting terms debit and credit?
What are the features of financial accounting?
Tell me about an invoice discrepancy you discovered and how you resolved it
What was your average accounts receivable days outstanding/days sales outstanding?
what is loan operations and what are the complete process form from making customer to closure of loan
Compare financial accounting and cost accounting.
Is transfer Profit / loss account to capital account important in Tally ERP 9 at the end of the financial year? And what is the benefit of transferring P/L account to Capital account ? Please I want someone to answer my question, this is my second question I posted one question 2 days ago also nobody reply to that question. Thank you.
What are control ledgers? What are the purposes of maintaining it?
WHETHER WE CAN BOOK ALL PRELIMINARY EXPENSES, INCLUDING ACCESSORIES RELATED TO PURCHASE OF A NEW VEHICLE TO CAPITAL EXPENDITURE?
what is the meaning of written-off as goodwill written-off
A Lorry driver damaged shed shutter and we deduct 2000/- from his freight amount now what is the head for the Deducted amount?
WHAT ARE THE MOST ELEMENTS OF YOUR JOB?
WHY U HAVE CHOOSE ICWA WHY NOT CA
