Interested to Buy Any Domain ? << Click Here >> for more details...
Goods lost by fire rs.5000 it was partly insured insurance company admit the claim for 3500 what will be the journal entry
- 3 Answers
- 4678 Views
- SRLF, I also Faced
- E-Mail Answers
Answer Posted / s.c.bhalla
Insurance co Dr. Rs.3500
Profit & Loss a/c Dr. Rs 1500
To Goods destroyed a/c Rs.5000
Question is not clear- It is assumed that damaged goods were part of stock accordingly at the stage of preparation of trading a/c damaged to be shown separately on the credit side of Trading a/c
| Is This Answer Correct ? | 0 Yes | 3 No |
Post New Answer View All Answers
how many types of currencies are there in oracle r12
ABC LTD IMPORTED GOODS FROM USA FOR $20000 ON 1/1/11 AT A EXCHANGE RATE OF RS.47.55. THEY MADE A PAYMENT OF $12000 ON 15/1/11 AT A RATE OF RS.45.95. BALANCE PAYMENT WAS MADE ON 25/1/11 AT A RATE OF RS.49.10
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.
What do you mean by ledger posting?
how to calculate the rate of hard ,soft and very very hard rock rate of cubic meter
BRIEF IN DETAIL REGARDING RATIOS
What is reversing journal entries?
how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry
Can u please send me a set of accounting base questoin with answer,genraly ask by interviewer?
Why do you want to be an accountant?
During execution of Works Contract,If Contractee(Customer) supply goods to contractor, then it should be shown in Invoice as deduction or no need to show in Invoice.
Tell us did you use accounting applications at your previous companies or prefer working manually?
how many times we can deposit the old currency in one a/c in the bank
The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
I'am accountant working in a trading concern. I wish to become an accountant in a manufacturing/construction company.are there any books available in the market from which I can get an Idea as to how accounts are prepared and maintained for a manufacturing/construction company.
