What is the journal entry for good loss by fire? claim
receive from insurance company? after claim received the
loss occoured entry?
- 8 Answers
- 51002 Views
- I also Faced
- E-Mail Answers
Answer Posted / om singh
Loss by fire a/c Dr.
Insurance company A/c Dr.
To purchase
(being goods loss bye fire and insurence company accepted loss)
| Is This Answer Correct ? | 16 Yes | 12 No |
Post New Answer View All Answers
By saying, perpetual or periodic inventory system; what do we mean?
I post Optional Voucher in Tally.ERP in which there is deduction of TDS is applied. But when I convert this voucher as regular voucher the TDS entry have to make again why so
What is your greatest achievement and why?
formula of reduction in tax credit of vat form 201(gujarat)
HOW TO FILL PURCHASE RETURNS IN VAT 200,IF NOT PURCHASES THE PERIOD?
What is dividend warrants?
What is Debit Note and Credit Note? Subsidory Books? Minority Interest? Stock recording in P&L? Outstanding Expenses, Prepaid Expenses and Examples?
Give ONE reason for Balance Sheet to be out of balance
What is a trial balance in accounting?
Tell me whether the account “cash” will be credited or debited, when a company pays a bill?
How to calculate Term Loan interest and the double entry for Term Loan ? What difference between hire purchase and term loan ??
How to prepare finalization accounts?
Mention what does the investment of personal assets by the owner will do?
Define partitioning in accounting?
what is the relationship between bookkeeping and accounting?
