goods lost by fire rs10000 & insurance claim received for
the same rs8000.what are the effect of this entry in final
accounts?
- 17 Answers
- 73723 Views
- Amma Enterprises, BHU, HCL, Syntel, I also Faced
- E-Mail Answers
Answer Posted / tarun
cost of goods lost Dr 10000
to trading account 10000
insurance claim ac Dr 8000
To loss of goods 8000
p& l ac Dr 2000
To loss of goods 2000
cash ac Dr 8000
To ins. claim 8000
| Is This Answer Correct ? | 19 Yes | 5 No |
Post New Answer View All Answers
Discuss the consistency concept in accounting
I WRITE GROUP-4 EXAMINATION.I STADIYING INTERMEDET HOW MANY PARSANTEGE OF GROUP-4 EXAMINETIN
what is consignment entry?
Define executive accounting?
in our co we are sales of good to branch in order sales+fright, branch made jv entry in own book as full amount debit and credit. now our book show sales without freight but branch shows including freight that why differences is arise due to wrong entry passes pls clarify this entry and this entry is done last year book now balance is finalize.
How to pass VAT retention entry on computer and Furniture
what is the basic difference between pooling of interest method and purchase method in amalgamation
What are the effects of international accounting standards on accounting practices of developing nations?
What is the general classification of accounts that usually ledger account involve?
is WCT aplicable on educational institutions also??????
what is revenue recognition rule, and can you specify the answer.
My question is that can i taken input credit of service tax of telephone bill & courier bill & labour contractore bills in exemption Area.
What steps would you take before approving an invoice for payment?
Accounting for vc money in financials
Please help me with the accounts head for the below ledgers for e.g. for Salary A\c - Indirect Expenses is the account head in tally. what is the account head for below ledgers. Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary Payable A/c Dr. xxx To Cash / Bank A/c xxx
