ABC LTD PURCHASE GOODS FROM XYZ LTD OF Rs.400000/- BUT
DURING THE TRANSPORTATION ALL GOODS ARE DESTROYED.ACCORDING
TO AGREEMENT INSURENSE CO. PAID 75% OF DESTROYED GOODS TO
SELLER.
WHAT WILL BE JOURNAL IN BOTH PERSON ACCOUNT.
Answer Posted / jbs
XYZ BOOK ENTRY:::
FINISH GOODS DAMAGE A/C- 400000 DR
CLOSING STOCK A/C- 400000 CR
AND
BANK A/C - 300000 DR
FINISH GOODS DAMAGE A/C- 300000 CR
Is This Answer Correct ? | 1 Yes | 2 No |
Post New Answer View All Answers
What is cotangent Account?
What is meant by balancing?
what is bank aceleted?
What is account receivable?
What are the advantages & disadvantages of double entry system?
Tell me what is working capital?
What is the general classification of accounts that usually ledger account involve?
what is profit and loss(dr) in cash flow statement?
What GP resew of balance sheet taking.
Cash bill of sale so the company can deduct the amount.
sir ,can effect on wbs element after wbs selected in t code : FBCJ for cash receipt?
The main financial accounting statements?
As you know account executives need to be talented salespeople. Do you have experience making sales?
Explain me the basic accounting equation?
Tell me as a higher position in the accounting department, you will be responsible for overseeing other employees' accounts. What experience do you have in leadership and management that will prepare you for this responsibility?