goods lost by fire rs10000 & insurance claim received for
the same rs8000.what are the effect of this entry in final
accounts?
Answer Posted / aditya jha
To goods destroy by fire A/C DR. In trading account.
Insurance claim A/C DR. In Assett side
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
when & how interest on unsecured loan is calculated?
How to prepare HSD statements in tally
Tell me what is the difference between accumulated depreciation and depreciation expense?
pls let me know double entry of 'LEASING"
Tell me do you think accounting standards are mandatory and why?
What is the procedure of submit bank guarantees and cancellation.
Where do we create House banks and what is the process in sap fico
on the basis accounting,acounting is divided in to how many classes and what are they?
Which steps in Procurement to Pay process does FI documents get created.
What is batch input? why we use batch input session in SAP(FICO)?
what is the treatment for employee contribution and employer contribution in in pf in accounts under which head??
ABC LTD IMPORTED GOODS FROM USA FOR $20000 ON 1/1/11 AT A EXCHANGE RATE OF RS.47.55. THEY MADE A PAYMENT OF $12000 ON 15/1/11 AT A RATE OF RS.45.95. BALANCE PAYMENT WAS MADE ON 25/1/11 AT A RATE OF RS.49.10
Explain which account is responsible for interest payable?
EXPLAIN EACH SECTION PROVISIONS ON TDS?
What is the provision?