What is the journal entry for good loss by fire? claim
receive from insurance company? after claim received the
loss occoured entry?
Answer Posted / sharma
1)Loss by fire A/c Dr
To purchase A/c
2)Insurance claim A/c Dr
P/L A/c Dr
To loss by fire A/c
3) Bank/cash A/c. Dr
To insurance claim A/c
Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
give me examples of the accounting reports you have prepared
What is meant by daily accrual and booking?
examole of cash to cash contra entry
What are its characteristic features of financial accounting?
what is the difference b/w gain and profit?
Hello sir, i am assistent executive in partnership firm.i learn't tds return, sales tax return, service tax return and all accounting entry,reconciliation with customer & supplier.BRS. please guide me for more knowledgeble sectore in account. hense i reach become a good position in account sectore.
Private purchases amounting to rs 5000 have been debited to purchases account
What do u mean by press releases
How do you classify errors in accounting?
IS THERE ANY DIFFERENCE BETWEEN PAID UP CAPITAL AND PAID IN CAPITAL?
Explain me bills receivable?
Tell me what is accrual accounting?
i WANT TO KNOW WHAT IS THE INTEREST RATE IF WE CAN NOT PAY THE DEPOSIT SALE TAX AMOUNT WITH IN PERIOD
how calculate intrest on advance tax ? and penalty on vat?
What is bond ? What is capital market?