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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 Posted / inkisssf


what entry to be passed if we have import item from supplier but in the trasaction some items were..

Answer / sunil tyagi

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

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