Vehicle repairs were made on the insured vehicle Rs 25000/-
on 20-1-2009. Insurance claim for Rs23000/- was received on
1-2-2009. Pass entries for both the occassions
Answer Posted / bhandari chetan, ahmednagar
Entry No.:
20.01.2009
(1) Vehicle Repairs A/c. Dr. 25,000
To XYZ Workshop A/c. 25,000
20.01.2009
(2) General Insurance Company A/c. 25,000
To Vehicle Repairs A/c. 25,000
01.02.2009
(3) Cash \ Bank A/c. Dr. 23,000
Deficit Insurance Claim A/c. 2,000
To General Insurance Company A/c. 25,000
01.02.2009
(4) XYZ Workshop A/c. Dr. 25,000
To Cash \ Bank A/c. Dr. 25,000
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
what is tds rate of WCT applay for sale tax ragistard company.
what is book profit
Hi Im Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Clerical post. Please help me I f u can. thanx in advance
I want to know that if i get call from Mumbai Circle in SBI. what does it mean where will be my posting and my job profile, will i get accomodation from bank or not.
How can i get GR form (GR No.) for Exports ? please give me a link of website with steps ?
Is WCT paid to be considered as overhead during costing in construction firm?
duties of bank finance manager
what is the script forms standard text in fico
What is Spin-off & spilts
What is Home Loan Modification?
Short Answer on ___________fluctuating capital
while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??
you buy a $100 asset. $25 cash, $50 debt, and $25 new equity. Explain how the 3 financial statements (IS, BS, CFS) will change.
what do Loan Loss Coverage Ratio mens describe it with examples?
how will you create the posting periods 3 and 5 or 5and 7?