Interested to Buy Any Domain ? << Click Here >> for more details...
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.
- 29 Answers
- 142749 Views
- IBM, MTM, I also Faced
- E-Mail Answers
Answer Posted / praveenkumar oswal
when loss goods by fire
1)loss by fire a/c .......dr 10000 -
to purchases a/c - 10000
2) Insurance company a/c .....dr 7000
to Loss by fire - 7000
3) bank a/c .............dr 7000 -
to insurance company - 7000
4) p&l a/c .....dr 3000 -
to loss by fire - 3000
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
If a prospective client kept presenting you with excuses not to buy, what would you do?
What is corporate assesses?
WHICH QUESTIONS ASKED IN EPFO IN 2009.
discuss seperate determination concept
Hi All, Can any body Explain the End to End Flow of Product Costing in SAP with Integration Point and Journal Entries Involved in the Flow ?
Which forms in use in service Tax, Excise duty and Vat for the return.
WHAT ABOUT YOUR SELF IN ACCOUNTING SYSTEM
Tell me the meaning of long-term notes payable is or long term liabilities?
Purchase Goods worth rs.1000/ icluding vat of rs 40/ & Service charge receive 1000/ including service charge rs 123.60/ What will be entry in Tally? Please Define me?
What is the purpose of financial statements?
what is the difference b/w carpet area,covered area and build- up area and how it is calculated.......
when & how interest on unsecured loan is calculated?
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-
What are the features of financial accounting?
Define overhead in terms of accounting?
