Interested to Buy Any Domain ? << Click Here >> for more details...
goods lost by fire rs10000 & insurance claim received for
the same rs8000.what are the effect of this entry in final
accounts?
- 17 Answers
- 77626 Views
- Amma Enterprises, BHU, HCL, Syntel, I also Faced
- E-Mail Answers
Answer Posted / ramesh
When goods lost
P n L A/c Dr 10000
to Purchases A/c 10000
When cash recived
CAsh a/c dr 8000
to P n L ac 8000
The net effect is 2000 loss in p n l. hope this answer is correct
| Is This Answer Correct ? | 5 Yes | 13 No |
Post New Answer View All Answers
What is departmental accounting? Give an example
Were i have to enter for agreements in tally and in which ledger it will come
Proprietor paid amount of Rs. 11060/- for car insurance. Pass Journal.
Sales tax waybill is required for how much value of invoice (for example we raise Rs.1000 bill is waybill required in andhra pradesh)
What do you mean by ledger posting?
Anti Takeover policies
You are using the accounts approach to parallel valuation and classic assets accounting. You need to create a new financial statement version to valuation based of IFRS principles. In asset accounting, what posting options can you choose for the new depreciation area? (any 2 answer) Area post in real time Area posts APC directly and depreciation periodically Area posts APC only directly Area posts APC and depreciation periodically
What are time sheets? How are they maintained?
Tell us what kind of work environment do you prefer?
What is budget variance analysis?
SOLD GOODS WORTH 5000 TO AKBAR WHO PAID 3000 ON ACCOUNT
A company primarily operating from own land, takes on rent building for staff quarters. Whether rent paid on such staff quarters qualifies as capital investment?
What is the purpose of financial statements?
how to deduct tds on income from other sources with examples
A factory uses annually 24,000 units of a raw material which costs Rs. 1.25 per unit. Placing each order costs Rs. 25 and carrying cost is 6% per year of the average inventory. (a) Find the economic order quantity and the total inventory cost including the cost of material.
