how we enter insurance claim entry in tally

Answer Posted / satish

if any thing happend to material or asset we claim to insurance.the entry is
Loss on asset or material A/c ..dr (Asset)
to Insurance Claim ac (receivables)
after getting the claim from Insurance company

Bank Ac ...dr
to Insurance claim ac

Is This Answer Correct ?    21 Yes 15 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is tally accounting?

701


Tell me do you think there is any difference between inactive and dormant accounts?

617


Hi.. I am pursuing my MBA II year thrgh distance frm O.U HYD., Pls let me know any jobs...in Bank jobssssss

1808


WHAT IS THE VAT/CST RATE FOR PURCHASING COMPUTER/PHERIPHERALS FROM GUJARAT AGAINST C FORM, FOR DIU (UNION TERRITORY) AND WHAT RATE OF VAT/CST I HAVE TO PAY IN DIU FOR SALE.

2932


In Service tax Return ST-3 What is meaning of first Row (i) Service tax payable (a) Gross amount received in money (I) Against service provided Pls explain in detail

1447






what are the basic elements to prepare a quarterly information system and how to calculate that items?

1374


OUR COMPANY IS ENGGAGED IN CONSTRUCTION ACTIVITY .WE ARE GOING TO PURCHASE EXACAVATOR MACHINE FROM THE INTERSTATE.WHETHER THE ABOVE PURCHASE COVERED BY ISSUING THE C FORM.

1764


What is the definition of accounting?

620


suppose we received goods from H.O.The sisterconcern received it.wat will be the entries if tge S.C.sells it from here.

1738


how to do asset appreciation in sap?

2230


Tell me under the accrual basis of accounting, when revenues are reported in the accounting period?

3540


Mr. A purchased a machinery costing Rs. 1,00,000 on 1st October, 2005. Transportation and installation charges were incurred amounting Rs. 10,000 and Rs. 4,000 respectively. Dismantling charges of the old machine in place of which new machine was purchased amounted Rs. 10,000. Market value of the machine was estimated at Rs. 1,20,000 on 31st March 2006. While finalising the annual accounts, A values the machinery at Rs. 1,20,000 in his books. Which of the following concepts was violated by A? (a) Cost concept (b) Matching concept (c) Realisation concept (d) Periodicity concept.

1593


Tell me what is working capital?

628


I got below mail stating to pay 8000 rupees to Wipro but when I went to wipro in sajapur, it was fake mail. If u receives this kind of mail, please don’t respond. Please inform to ur friends regarding this. Wipro Limited Dear candidate Your Resume has been selected by ( Wipro Limited). I have attached your Interview Process letter with this email. Kindly see the attached file. Note - you can call in official working Hours Monday to Saturday – 9 Am to 2 Pm, Company Website – www.wipro.com Note - And more details you send a email Company Email Add – career@wiprolimited.in Best Of Luck For More Details Please Click Here Wipro Limited

1560


"Trial Balance is not a comclusive proof of the accuracy of the books of accounts." Explain this statement and describe the errors which are not disclosed inspite of the agreement of trial balance.

2133