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
- 68866 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
What is tds and how it is calculated?
Explain what is bank reconciliation?
Entries to revenues accounts such as service revenues are usually?
Entry for revenue item will be Expenses A/C Dr to Cash. But in the Profit and Loss account we will see the expenses with a pre fix of To Expenses Why?
What is meant by public accounting?
what is consignment entry?
After close Balance Sheet, we find a expense which was wrongly debited in Profit and Loss A/c. How we adjust next accounting period?
under which accounting rule prepaid salary?
Tell me what is accrual accounting?
Does anybody know anything about BirlaSoft? I got a job offer, they sent me a contract to sign and return, but thank God they didn't ask for any money! But, they said they would send me a check in the mail. And as my first "task" I would have to use that check to order a bunch of accounting software, and I would need to purchase this software ONLY from the vendors that THEY provide. Is this a scam to just get money? I'm wondering if they "own" the vendor they "work" with and launder money that way. I asked the person who was getting my information, as far as my name and address to send the check to, Why would I have to buy software to install in my home computer anyway? Couldn't they just send me a link for the software to download? I'm afraid of the check being fake. Because, if I deposit the check into my checking account and it turns out to be fake, then I'll owe the bank all that money! Hope to hear from someone soon. Thanks.
Define public accounting?
What is general entries for Deffered Tax?
Recent trends in Corporate Governence?
on the basis accounting,acounting is divided in to how many classes and what are they?
Can you differentiate public and private accounting?
