What will be the journal entry for good lost by fire. How
many entries will be passed in the books of account for the
same.
Answer Posted / rahul rawat
loss by fire a/c Dr.
TO purchase a/c
insurance co.a/c Dr.
To loss by fire a/c
Banka/c dR.
P&L a/c Dr.
To insurance co.a/c Dr.
| Is This Answer Correct ? | 45 Yes | 14 No |
Post New Answer View All Answers
Describe the advantages and disadvantages of the different accounting packages/systems you have used recently in your accountant jobs
Under what type of account do the unearned revenues fall?
what is the Journal entry for credit card bill paid from same bank account
What is Debit Note and Credit Note? Subsidory Books? Minority Interest? Stock recording in P&L? Outstanding Expenses, Prepaid Expenses and Examples?
my company taken a hdfc car loan rs.355493/= but bank received only 347345/= .after received the amount company purchase the car. after that regular emi paid to hdfc bank.
Tell us what is a cpa?
Explain me bills receivable?
What information do you require before you approve an invoice for payment?
What is full rate on plywood box in haryana sale tax:
Sir, we have investment shares some company how to calculate gain/loss please send format brefly fifo, lifo and average method
Can you tell me entry tax will be applicable on Spectacles purchase from u s a
how to calculate accrued interest on fdr?how to see from bank statement????basic procedure plz advice..
what is the impact of bank garantee of rs 100000 on cash flow statement which has been expired...& impact on bank reconcilation statement
What is the difference between costing and cost accounting?
Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c