Furniture is Destroyed in Fire ??
Where it will effect in Balance sheet ??

Answer Posted / jeevan kamble

there should be 2 effects!
1. P&L A/C debit site
2. asset side (less from furniture )

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is accounting chart of accounts?

652


what are the direct expense of loan department in banks.

1023


April-25 Paid to Mr. Y in full Settlement by Cheque Rs. 4800. April-26 Received a cheque from Mr. B in full settlement Rs. 4900.

2698


What are its characteristic features of financial accounting?

752


Do you know what is balance sheet?

620






please tell me when co. owner invest money in his family members bank a/c. not any transaction came in business can we do this bank statement in tally ?

1384


hi for all i completed Mba finance in 2008.then i got a job in kpo capital iq as jra for 1 year than i left it and done a course sap fico so now looking for a job in sap how to approach? pls give me answer

1558


explain the relevance of closing stock account in trading a/c when preparing the gross profit?

2076


we have a bill for billing software modification, i want to know that which head post this entry in tally & also tds applicable or not.

1600


using examples, examine the relevance of the following as final accouting adjustments; 1.reserves 2.provisions 3.disposal of assets 4.control accounts

1462


What are the major components of country's trade account?

2518


please advice example of any single journal entry which include all 3 accounts i.e personal, real & Nominal a/c.

1827


What is the entry for provision?

613


What is mis report , how to prepare mis report for general ledger?

1076


Sir, we have investment shares some company how to calculate gain/loss please send format brefly fifo, lifo and average method

1561