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?
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Answer Posted / ritu
P/l a/c debit 1000
Insurance claim a/c debit 4000
To goods lost by fire a/c 5000
| Is This Answer Correct ? | 6 Yes | 14 No |
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Tell me in balance sheet, where do you show tds?
consultancy charges receivable Rs 30000 from abc & co. tds receivable 3000
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