Interested to Buy Any Domain ? << Click Here >> for more details...
sir, some body tell me how i treat the abnormal fire loss
stock :-our company suffer a fire loss during goods in
transit (goods were hold at warehouse and fire occured)
now how i account for the loss and what type of ledger
should i create and under which group
- 1 Answers
- 4246 Views
- I also Faced
- E-Mail Answers
Answer Posted / basanti
if goods were not insured than journal will be
loss by fire a/c.....dr
to trading a/c.....cr
which means it will be treated in credit side if trading
a/c & shown in debit side of P&L a/c.
if goods are insured than the claim amount is adjusted in
asset side of balance side.
| Is This Answer Correct ? | 2 Yes | 10 No |
Post New Answer View All Answers
Hai Experts can any one send me some finance interview questions ,my mail id is c.sujatha2008@gmail.com,please send quickly it's so need.
In the absence of any provision in the partnership agreement, profits and losses are shared (a) In the ratio of capitals. (b) Equally. (c) In the ratio of loans given by them to the partnership firm. (d) None of the above.
Sir i want to ask that if the salary above 6500/- than also pf deduct.
Cello pen gross value is 935.89 for 12 nos 14.5% tax
I have passed in SBI clerical exam 2009 , pls tell me what question will be asked for interview .pls mail it on my email id sawant.supriya51@gmail.com
By saying, perpetual or periodic inventory system; what do we mean?
purchase of Rs 1000 were rejected and returned,however vendor returned Rs 800 and balance Rs 200 is charged to sundry exp A/c
A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs 10000. He pays expenses amounting to Rs 1000. V incurs further expenses on carriage Rs 1000. He receives cash for sales Rs 15000. He also takes over goods to the value of Rs 2000. The profit on joint venture is 7 (a) Rs.3000 (b) Rs.5000 (c) Rs.6000 (d) Rs.3500
when & how interest on unsecured loan is calculated?
hi friends, i have simple doubt if we completed this financial year that is 2009-10 march. after that we will file it period of oct-2010.so from apr-2010 that is new f.y.what we take the opening balances without filing how can we know the exactly figures?
Explain me do you think accounting standards are mandatory and why?
how to prepare brs statement for company in tally
why creditors a/c dr. to discount received a/c ?
What is the formula for acid test ratio in accounting?
What are the accounting events that are frequently involved in compound entries?
