What will be the entry in book, stock get destroyed in fire
of Rs. 1,00,000/- in two circumstances
i) Stock is insured.
ii) and stock is un-insured.
- 5 Answers
- 11564 Views
- ANM Associates, I also Faced
- E-Mail Answers
Answer Posted / sadhik basha s
i)stock is insured
first entry for provision
loss by fire A/c dr
to P&l a/c
second entry for claim insurance
insurence co a/c dr
To loss by fire a/c
| Is This Answer Correct ? | 3 Yes | 2 No |
Post New Answer View All Answers
I have an S Corporation called Trend Foods Inc. I would like to make a division of that company that services computers and call that Trend Computer Service. I do not want to set up another Corporation for Trend Computer Service. Can I just make a division of Trend Foods and what paperwork do I need to fill out to make that happen? Thanks for the help, Jim
Expand-------IETF
Expand CCIT?
IS ACCOUNTING MBA AND FINANCE MBA SAME OR DIFRENT
why specifically inited states ?
Expand-------ASRT
Expand-------MUR
What is the difference between payable and accrual
Do v call director in the partnership firm?
Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times
when apply for ragistred in central excise no
im preparing for the sbi clerical post please send me the solved questions.
Can anyone expain.. why the sensex is in points. And why the ratios is calculated. In what way its uesfull to the organisations
what do u mean by comparative budget?
Who to create a budget on software company
