how we enter insurance claim entry in tally
- 4 Answers
- 30633 Views
- Unibiz, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / navneet bansal
Entery No. 01
-------------
at The time of Loss ( Assume Loss is By Fire)
Loss by Fire A/C Dr.
Purchase/Assets A/C Cr.
Entery No. 02
-------------
at the time of Insurabce Claim Receive
Bank A/C Dr.
Loss By Fire A/C Cr.
Remaining Balance of Loss By Fire will effact to P&L A/C
| Is This Answer Correct ? | 34 Yes | 1 No |
Answer / syed shakir ali
DEBIT- BANK A/C DR
CREDIT- INSURANCE CLAIM A.C CR
NEXT ENTRY JV
INSURANCE CLAIM A/C DR
ASSET(WHICH WAS LOSSED) A/C CR
| Is This Answer Correct ? | 14 Yes | 4 No |
Answer / 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 |
Answer / pradip
Entry Will Be
Bank A/C Dr
to Insurance A/c
we have give a note below that this claim is for thas assets
| Is This Answer Correct ? | 3 Yes | 13 No |
Tell me entries to revenues accounts such as service revenues are usually?
What is suspence a\c? why it should not transferred to the balance sheet?
What is the Entry of A Demand Draft is prepared for rs.4500 from UTI bank after bank charges?
how to know which item is contingent liability? and why it is not taken in treatment in final a/c....
how to calculate the rate of hard ,soft and very very hard rock rate of cubic meter
Topic contra entry; How to post cash withdrawn from bank for office work? the journals to be passed?
how to treat outstanding salaries in accounts statements, how it is shown in receipts & payments account, income & expenditure account & balance sheet
WHAT IS FORM E1 AND E2
Mention what is bank reconciliation?
How is going concern assumption and accounting period convention related?
suppose total salaries paid is 10000, 1000 is outstanding. how & which amount will shown in receipts & payment, income & expenditure and balance sheet accounts
what is tax invoices
Audit 
