Interested to Buy Any Domain ? << Click Here >> for more details...
Q.Goods worth Rs.5000 destroyed in fire? Insurance claim
received RS.4000 for the goods lost? Loss of Rs.1000 pass
the entries in the books of accounts?
- 16 Answers
- 72536 Views
- I also Faced
- E-Mail Answers
Answer Posted / nandish
Goods destroyed by fire a/c Dr 5000
To inventory a/c Cr 5000
(Being goods destroyed by fire)
Bank a/c Dr 4000
Loss on goods destroyed by fire Dr 1000
To goods destroyed by fire Cr 5000
Being insurence claim received
| Is This Answer Correct ? | 13 Yes | 22 No |
Post New Answer View All Answers
There are two Business areas 1100 and 1200. I need to pick 1200 b.areaonly While enter the transaction? could any one please post the answer for this.
what will be the entry for inventory
What is the entry to be passed on receiving the tds certificate in the books of the deductee?
WHAT IS THE VAT/CST RATE FOR PURCHASING COMPUTER/PHERIPHERALS FROM GUJARAT AGAINST C FORM, FOR DIU (UNION TERRITORY) AND WHAT RATE OF VAT/CST I HAVE TO PAY IN DIU FOR SALE.
over draft balance as per cash book (journal entries needed) a,cheques deposited in bank but no entry was passed in cashbook b, credit side of the bank, column cash short c, chques received but not sent to bank d, insurance premium paid by bank as per standing instructions e, credit side of bank, coloumn cash short f, bank charges entered in cash book twice g, cheques received returned by bank but no entry passed h, cheques issued returned on technical grounds i, bills directly collected by bank j, bank charges debited by bank k, cheques received entered twice l, bills discounted dishonoured
What does the abbreviation dr mean in accounting?
WHY U HAVE CHOOSE ICWA WHY NOT CA
What is the marginal cost formula?
A loan of 10000 with 10% interest is fully due after 6 month. What will accrue differed, outstanding?
If a transaction was missed completly how do you find it?
What qualifications have you achieved?
Give ONE reason for Balance Sheet to be out of balance
How we will dabit profit & Loss a/c in tally because profit & Loss a/c is tally generated a/c. we have to make provision for tax.
What have you read in the newspapers in the last few days that particularly interested you?
Do you know what is project implementation?
