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
- 78170 Views
- Amma Enterprises, BHU, HCL, Syntel, I also Faced
- E-Mail Answers
Answer Posted / mahesh k gopalakrishnan
Goods Lost by Fire a/c Dr. 10,0000
To Trading a/c. 10,0000
P& L a/c Dr. 10,000
To Goods Lost by Fire 10,000
Cash a/c Dr. 8,000
To Insurance Claim a/c 8,000
Insurance Claim a/c Dr. 8,000
To P& L a/c. 8,000
| Is This Answer Correct ? | 1 Yes | 7 No |
Post New Answer View All Answers
Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?
A Lorry driver damaged shed shutter and we deduct 2000/- from his freight amount now what is the head for the Deducted amount?
8. What is the difference between: a. Direct Costing Method and Absorption Method. b. Fixed Cost and Variable Cost.
What are the disadvantages of manual accounting?
Explain what is liabilities and what all does include in current liabilities?
what are the limitations of accounting conventions
What is the use of 2a, 2b & 2c form in CST ?
Explain compound journal entry.
saji become insolvant -what is journal entry
Entries to revenues accounts such as service revenues are usually?
Role-specific management accountant job interview questions:
what is the difference between cash book(cash coloumn) and cash book(bank coloumn)?
What are the AP accounting entries for EXPENSE ITEM VS Inventory Item in oracle ERP
What is meant by calendar maintenance?
Capital reserve is - a) real account b) nominal account c) personal account d) none of them
