Interested to Buy Any Domain ? << Click Here >> for more details...
sir, some body tell me how i treat the abnormal fire loss
stock :-our company suffer a fire loss during goods in
transit (goods were hold at warehouse and fire occured)
now how i account for the loss and what type of ledger
should i create and under which group
- 1 Answers
- 4314 Views
- I also Faced
- E-Mail Answers
Answer Posted / basanti
if goods were not insured than journal will be
loss by fire a/c.....dr
to trading a/c.....cr
which means it will be treated in credit side if trading
a/c & shown in debit side of P&L a/c.
if goods are insured than the claim amount is adjusted in
asset side of balance side.
| Is This Answer Correct ? | 2 Yes | 10 No |
Post New Answer View All Answers
how to we pass a purchase entry in item invoice mode where some advance has been paid to the party. the purchase entry should get offset with the advance payment entry so that it does not appear in the bill outstanding or bills due list. please guide.thank you
6. What is the amount of Simple Interest on $ 1,500 for 90 days at 6% interest (year is 360 days)?
how to pass journal entries for reverse tax on input tax paid
What does the investment of personal assets by the owner will do?
Please explain what do you do to increase revenues? What are your tactics, techniques, and sales methods?
how to calculate ESI,PF,PRO.TAX, INCOME TAX, VAT, T.D.S, EXCISE PLEASE SAY ANSWER IN DETAIL WITH PROPER UNDERSTANDING PLEASE SAY THROUGH WITH EXAMPLE
What does the financial statement of the company include?
Tell me deferred taxation is a part of which equity?
What are negative postings?What are Credit memos ?Payment Requests ?
My question is on Opening & Closing Stock Suppose Closing stock of 2014-15 is Rs 30 lakhs & Also we filed return & ROC too for 2014-15. Opening stock for 2015-16 should be Rs 30 lakhs but we found that some purchase for feb & March 2015 Stock has been entered in tally Its taken directly to purchase split of stock not made & in sales to same of 2 lakhs no split of stock is shown. Those stock need to make changes in 2015-16 what was the process ? And what will be adjustment entry ?
Explain under what type of account does the unearned revenues fall?
FROM WHERE I WILL GET PREVIOUS QUESTION PAPER OF JUNIOR ACCOUNTS OFFICER TEST OF B S N L
What are the rules for debit and credit for different accounts to increase the amount in your business accounts?
Q1.How depreciation deffer from depletion? Q2.show the main benefit from calculating and recording depreciation.
Tell me how can you define departmental accounting?
