Interested to Buy Any Domain ? << Click Here >> for more details...
ABC LTD PURCHASE GOODS FROM XYZ LTD OF Rs.400000/- BUT
DURING THE TRANSPORTATION ALL GOODS ARE DESTROYED.ACCORDING
TO AGREEMENT INSURENSE CO. PAID 75% OF DESTROYED GOODS TO
SELLER.
WHAT WILL BE JOURNAL IN BOTH PERSON ACCOUNT.
- 7 Answers
- 12946 Views
- I also Faced
- E-Mail Answers
Answer Posted / t.saravanan
Books of XYZ Ltd
ABC Ltd Dr 400000.00
To Sales Cr 400000.00
Sales Return a/c Dr 400000.00
To ABC Ltd Cr 400000.00
Insurance Co a/c Dr 300000.00
P&L A/c Dr 100000.00
Sales Return a/c Cr 400000.00
Bank a/c Dr 300000.00
Insurance Co a/c Cr 300000.00
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
AL+w button lanunches the .............. installed web brower
how to calculate the rate of hard ,soft and very very hard rock rate of cubic meter
what is the impact of bank garantee of rs 100000 on cash flow statement which has been expired...& impact on bank reconcilation statement
hi...this is chaitanya fresh bcom computer graduate i need job in finance feild will i get in genpact, deloitte, bank of america, or any other mnc...?
Tell me do you think there is any difference between inactive and dormant accounts?
Explain compound journal entry.
What are the reasons which cause pass book of the bank and your bank book not tally?
Is push down accounting accepted under generally accepted accounting standards?
6. Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
By saying, perpetual or periodic inventory system; what do we mean?
Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.
Explain me the difference between public and private accounting?
How to pass journal entry for payment of 20 % of outstanding income tax demand of AY 14- 15 of an company in the AY 18-19.
sir, I wanted to know what is the difference between cash and cheque payment in terms of tax.
Tell me which accounting application you prefer most and why?
