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?
Answer Posted / abhyuday priyadarshi
bank a/c Dr. (amount received for claim admitted)
profit and loss a/c Dr. (claim not admitted)
to Insurance Company a/c
(being insurance claim partially admitted and received)
| Is This Answer Correct ? | 3 Yes | 12 No |
Post New Answer View All Answers
whether bills of exchnge can come under the category of reserves and surplus
Dear sir , 1-what is diffrence local tax & vat 2 -what is sales tax. tds. service tax challan & return due date(monthly & quartly, annually) 3- what is deprecation rate in company act 4-what is income tax latest limit-
Tell us what is the abbreviation for the accounting terms debit and credit?
what are the different methods of teaching share and debenture to pre degree students
What is the use of form D in sale tax
What is meant by calendar maintenance?
Tell me what is the master account?
What steps would you take to locate the errors in case trial balance disagrees?
What is the tds effect in balance sheet if tds receipts?
What is balance sheet and off balance sheet?
How can pass reverse entry to close the account. If the Asset sides is greater then liabilities side and vice versa, then what can I do.
what are the disadvantages of back-flush accounting?
My question is that can i taken input credit of service tax of telephone bill & courier bill & labour contractore bills in exemption Area.
VAT PER SURCHARG KAB SE KIS DATE SE LAG RAHA HAI
We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.