Interested to Buy Any Domain ? << Click Here >> for more details...
Categorize the following journal entry in Real A/c, Nominal
A/c and Personal A/c:
Goods worth Rs.10,000/- destroyed by fire and the insurance
company admitted the claim for Rs.8,000/-
Insurance Claim A/c Dr. 8,000/-
Loss By Fire A/c Dr. 2,000/-
To Trading A/c 10,000/-
- 1 Answers
- 4733 Views
- I also Faced
- E-Mail Answers
Answer Posted / jaydee banerjee
1.Stock A/C DR RS 10000/-
TO Trading A/C RS 10000/-
2.P&L A/C DR RS 2000/-
TO Loss on Stock by fire A/C RS 2000/-
3.Bank A/C DR RS 8000/-
ToInsurance Claim A/c RS 8000/-
| Is This Answer Correct ? | 6 Yes | 2 No |
Post New Answer View All Answers
HI, i was given only 1st round and i made it through the first round, then was sent for the final HR round.In the HR round the HR manager dint ask me a single question of the related job,all he asked was as following:- i)what are your salary Expectations ii)are you ok to do night shifts.then he thanked me and said he will let me know by 2 days,when i asked him for any feedbacks and suggestions he said that he will let me know only after 2 days.SO please help me what shall i expect from this one of a kind interview. Many thanks in advance.
Explain purchase day book.
sir, i want t know, i got a cheque frm sindhu (that amount i gave her as rent advance, she is returning nw) bt the cheque has cancled and bank take cheque return charges so plz give this journal entries.
GOODS LOST BY FIRE 100 RS, INSURANCE MONY RECEIVED 120,40 PENDING FOR FINAL SETTLEMENT- Journal Entry
HOW CAN WE CONVERT IN CFT TO A ROUND LOG??
Can you name different branches of accounting?
What steps would you take before approving an invoice for payment?
How to post advance paid to a supplier in oracle jd edwards
What do you mean by gaap in accounting?
How many invoices on average do you handle on a weekly/monthly basis?
Can you help me to pass the journal entry for work in progress for a construction company? I would like to know the debit and credit for W.I.P will be under in which accounts head. Eg: debit will be in current asset a/c head, and credit will be under in which a/c in P&L? whether under purchase a/c head, or under direct income a/c head? please give me the details. Thanks for your previous answer?
What are mis reports and do you prepare it?
what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.
What are the functions of manger -accounts and manager-finance?
how to prepare for accontant examinations
