Interested to Buy Any Domain ? << Click Here >> for more details...
Goods destroyed by fire rs.2000 and insurance company claim rs 1250.
This is shown on adjustment,how is it posting on profit and loss account and balance sheet
- 1 Answers
- 1949 Views
- I also Faced
- E-Mail Answers
Answer / kwaja
Loss due to fire accident a/c...............Dr. 2000
To Purchase a/c. 2000
P&l a/c............dr. 2000
To loss .. 2000
Insurance company a/c .......dr 1250
To P&L a/c. 1250
And current assets i.e. cash is increased by 1250 in balance sheet
| Is This Answer Correct ? | 0 Yes | 0 No |
how we do calculate of closing stock for company. what is the process of calculation of closing stock.
i am a registerd Dealer in Delhi i have Purchase Some Capital goods can i take inpute vat banifit if yes pls spacifie.
What is the criteria to calculate GDP growth?
Why have you applied to our firm?
how long we keep invoices for recivables and there is any neccesary to keep delivery challans
What is the difference between inactive accounts and dormant account?
When we paid tds on rent how will journal entry will come and how to enter in tally software?
What do you mean by balancing of ledger account?
difference between Reserve capital and capital reserve
pre paid expense is a asset?where it should be posted.
why companies put ltd and pvt ltd,what is the difference?
please tell me the 'R2R' interview questions and answers ?
1 Answers Accenture, Dr Reddys,
Audit 
