Interested to Buy Any Domain ? << Click Here >> for more details...
Goods lost by fire rs.5000 it was partly insured insurance company admit the claim for 3500 what will be the journal entry
- 3 Answers
- 4800 Views
- SRLF, I also Faced
- E-Mail Answers
Answer Posted / s.c.bhalla
Insurance co Dr. Rs.3500
Profit & Loss a/c Dr. Rs 1500
To Goods destroyed a/c Rs.5000
Question is not clear- It is assumed that damaged goods were part of stock accordingly at the stage of preparation of trading a/c damaged to be shown separately on the credit side of Trading a/c
| Is This Answer Correct ? | 0 Yes | 3 No |
Post New Answer View All Answers
pass journal entries of the following transaction in the books of AG sindh, AGPR,FTO and SBP: 1)DDo sindh house submitted a bill for purchase of furniture to AGPR islamabad for Rs.200000 on 20th March 09; 2)AGPR issued cheque on 2nd april which was cleared by SBP on 5th April; 3)On 26th may, voucher were exchanged in the clearing house; 4)On 28th May, AG sindh issued advise to settlement to SBP karachi; 5)On 5th june,SBP HQ karachi sends a copy of clearnce memo along with bank statement to AG sindh and AGPR for settlement made on 31st May.
I'am accountant working in a trading concern. I wish to become an accountant in a manufacturing/construction company.are there any books available in the market from which I can get an Idea as to how accounts are prepared and maintained for a manufacturing/construction company.
Describe yourself briefly why you are outstanding for this post "Finance Coordinator"?
what is use of cost center category in tally ? why & when use this ? what is benfit ?
I have deducted Notice pay Rs. 5000/- in which account to be booked the same enty, what is the head for notice pay in profit and loss a/c.
what are the limitations of accounting conventions
how calculate intrest on advance tax ? and penalty on vat?
What all are the documents need to check for a supplier payment?
What is balance sheet and off balance sheet?
Discuss the consistency concept in accounting
How can I put Bank Guarantee Receipt entry in Tally ERP9?
What is the networth percentage observe by banks
please send me banking question on my email ID as I have been selected for state bank of india .my email ID is sawant.supriya51@gmail.com
what is the Differed Tax Liability & How it is calculate ?
what is difference among credit, loan, advance
