goods lost by fire rs10000 & insurance claim received for
the same rs8000.what are the effect of this entry in final
accounts?
Answer Posted / ramzan kuldunkar
Trial balance credit side goods lost by fire 10000.
profit and los account debit side loss on goods lost by fire
2000.
balance sheets asset side insurance claim 8000.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What would greater impact a firms valuation, a 10% reduction in revenues or 1% reduction in discount rate?
we have received amount from others through debit/ credit cards. what is the ledger group of this? i am confused selecting the ledger group could you explain.
After close Balance Sheet, we find a expense which was wrongly debited in Profit and Loss A/c. How we adjust next accounting period?
is we can prepare any account for partnership in tally
Recall a time when you faced a dissatisfied and aggressive customer. How did you handle it?
What are the major components of country's trade account?
How do you maintain accounting accuracy?
how many types excise audits and when they are applicable to firm
is WCT aplicable on educational institutions also??????
record the following transaction in the various books of accounts F Black loan us $5000 paid by cheque.
What are the reasons which cause pass book of the bank and your bank book not tally?
What is the definition of accounting?
what is journal entries for Vehicle loan settled with bank after Sale of the vehicle on profit or loss in case the party paid check direct to Bank .......???
Were i have to enter for agreements in tally and in which ledger it will come
what is the accounting treatment in tally of free goods received with goods purchased.