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 / sarvesh
Profit & loss a/c Dr
To purchase a/c
| Is This Answer Correct ? | 3 Yes | 12 No |
Post New Answer View All Answers
A company purchase goods Rs.2000/- & input vat received rs.100/- but at the time he sold goods 1000/- as a sales & 1000/- as a sock transfer. plz tell me how much take input claim in this case.
how to pass entry in tally Rs 50000 cheque paid to son by father
HOW WE MADE ENTRY OF SURCHARGE ON VAT PURCHASE IN PUNJAB
While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated
Explain in simple terms what is the difference between asset, equity, and liabilities?
why we multiply no. of purchasing year with average profit
What are the basic assumptions in accounting?
what are the voucher entries in tally for medical insurance
how to account branches in tally
How to calculate Term Loan interest and the double entry for Term Loan ? What difference between hire purchase and term loan ??
Re: CST RATE IS 1 % IF C FORM IS RECEIVABLE. IF C FORM IS NOT RECEIVED FULL AMOUNT WHAT WILL BE THE RATE OF CST
pls. tell me with detail (what is the rate of service tax and w.c.t. for a contractor who do civil work -make building and repairing. what is the format of generate a bill for (with material and labour both ) what entry should i pass in my accounts bokks. general and sales entry.
in Tally what is cost cenre,cost categori and why we need to prepare them
What is the equation for acid-test ratio in accounting?
Private purchases amounting to rs 5000 have been debited to purchases account