goods lost by fire rs10000 & insurance claim received for
the same rs8000.what are the effect of this entry in final
accounts?
- 17 Answers
- 73804 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
pass journal entries of the following transaction in the books of AG sindh, AGPR,FTO and SBP: 1)DDo sindh house submitted a bill for purchase of furniture to AGPR islamabad for Rs.200000 on 20th March 09; 2)AGPR issued cheque on 2nd april which was cleared by SBP on 5th April; 3)On 26th may, voucher were exchanged in the clearing house; 4)On 28th May, AG sindh issued advise to settlement to SBP karachi; 5)On 5th june,SBP HQ karachi sends a copy of clearnce memo along with bank statement to AG sindh and AGPR for settlement made on 31st May.
Tell me under the accrual basis of accounting, when revenues are reported in the accounting period?
Sir, Now, i am purchasing ply wood, board, and other material for my office furniture. But now the furniture is incomplete so what would be the journal entry for this exp. in book.
If closing stock is given in adjustments, how we show in tally 9.0 ?
What is WCT ? Who will Resposible for deposit WCT Means TDS Deductor or Material supplier. Is TDs applicable on WCT. Who will responsible for deposit WCT. I Am New For this Field. Thanks in advance...
Explain purchase day book.
what is the difference between accounting and bookkeeping?
What does it mean to do accounting training outside of public practice?
What are accounting rules called?
Mention what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
What methods do you use to discover sales opportunities?
Please guide in details about Payroll in Tally.erp9??
is WCT aplicable on educational institutions also??????
How to calculate Gratuity & when it's applicable to employee after three years or Five years?...
how to solve cashbook question
