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Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
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Question
what entry to be passed if we have import item from 
supplier but in the trasaction some items were broken but 
we have not claimed to insurence co & the broken items we 
have purchased from local supplier & the value of broken 
item is not refundable from first supplier. in this 
condition ??? Pls help me
 Question Submitted By :: Inkisssf
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what entry to be passed if we have import item from supplier but in the trasaction some items were broken but we have not claimed to insurence co & the broken items we have purchased from local supplier & the value of broken item is not refundable from first supplier. in this condition ??? Pls help me
Answer
# 1
as the insurance has not been claimed so the entry would be 

purchse a/c dr
loss of goods a/c dr
to suppliers a/c cr
 
Is This Answer Correct ?    0 Yes 0 No
Sunil Tyagi
 

 
 
 
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