Interested to Buy Any Domain ? << Click Here >> for more details...
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?
- 16 Answers
- 73164 Views
- I also Faced
- E-Mail Answers
Answer Posted / abhyuday priyadarshi
bank a/c Dr. (amount received for claim admitted)
profit and loss a/c Dr. (claim not admitted)
to Insurance Company a/c
(being insurance claim partially admitted and received)
| Is This Answer Correct ? | 3 Yes | 12 No |
Post New Answer View All Answers
Explain what are the accounting events that are frequently involved in compound entries?
HOW DOES THE ROLE OF THE MANAGEMENT ACCOUNTANT COMPLIMENT THAT OF THE FINANCIAL ACCOUNTANT
Why did you select accounting as your profession?
What is aggregate Liabilities ?
1. The following data is available. Determine the Break Even point in Sales: Sales : $1,800,000/- Fixed Expenses : $ 375,000/- Variable Expenses : $ 1,200,000/-
Define each Flexfeild qualifiers (natural accounts, balancing acc., secondary tracking, cost center)
what is the primary of for-profit organisation
Tell me do you think accounting standards are mandatory and why?
we are a trading company providing devices and some times after sales service. when any defect came we just replace the hardware from another defective device and getting the payment from the customer. how can we account that? is there any tax implications for this?
why only 6 months interest is charged on drawings
Tell me what are things will not be included in bank reconciliation statement?
Difference between depreciation according to cost principle and matching principle
Definition of push down accounting
how intangible assets are entered in B/s. plz send me the answer of this question in my e-mailid-prabhatsingh873@gmail.com
what is the entry to be made for vat when any purchase is made in that bill vat amount is included ?
