Q.Goods worth Rs.5000 destroyed in fire? Insurance claim
received RS.4000 for the goods lost? Loss of Rs.1000 pass
the entries in the books of accounts?
Answer Posted / s k m
p&l a/c dr.1000
cash/bank a/c dr.4000
To goods a/c cr. 5000
| Is This Answer Correct ? | 5 Yes | 14 No |
Post New Answer View All Answers
What is journalizing? What are the columns of a journal?
Describe a time when you have not met your goal?
Hi,Friends, I have a simple question in my mind that I have one head office that in faridabad and other branch in delhi,i purchase material in delhi for availing the tax benefit in delhi then i transfer the same material to head office(faribabad) agianst "F" form,i purchased material in delhi basic price rs. 5 +.42 taxes it comes rs. 5.42/-,my question is on which amount i should transfer the material from delhi to faridabad i.e 5,5.42 or 5 + freight(if any).kindly please solve my problem.
When we paid TDS on commission how will journal entry come
What are the disadvantages of double entry system?
how sales invoices adjusted against advance received from Debtor?
Explain me the difference between public and private accounting?
all GL Related Interview questions with answear
Define balancing in accounting?
How familiar are you with crm?
Explain what is accrual accounting?
Where should tds received should show in balance sheet?
What is the use of form D in sale tax
Explain what is the disadvantage of double entry system?
How do you build a successful business relationship?