Interested to Buy Any Domain ? << Click Here >> for more details...
What is the journal entry for good loss by fire? claim
receive from insurance company? after claim received the
loss occoured entry?
- 8 Answers
- 52993 Views
- I also Faced
- E-Mail Answers
Answer Posted / mohammad malik
goods lost by fire DR.
TO purchase a/c
cash/bank DR.
TO insurance company
| Is This Answer Correct ? | 11 Yes | 15 No |
Post New Answer View All Answers
what is opening stock formula?
Where do we create House banks and what is the process in sap fico
why assets are shown at their historical cost price but not at their current price bcoz we are following historical cost concept. but this will not reveal correct financial position of the business.give reason
if cheque bounced what we received from customers and payed to bank what entry should we create in single entry system
i had taken one year gap in completing my graduation bcom should it be considered as backlogs i dont have any kt or anything else i have passed all exam in one trial
Entries to revenues accounts such as service revenues are usually?
What are the disadvantages of double entry system?
As you know any other accounting application?
Definition of push down accounting
Tell me how can you define departmental accounting?
What is creative accounting?
Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?
If company invest Rs. 3,00,000 in Chit & Fund and later received with Profit Rs. 3,50,0000 = (Rs. 3,00,000 + 50,000 profit amount). Pls advise how to pass the profit amount...and in which head the profit amount goes
Why did you select accounting as your profession?
what is difference among credit, loan, advance
