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
- 68837 Views
- I also Faced
- E-Mail Answers
Answer Posted / krishan murari
1. Loss by fire A/c ...Dr. 5000
To Purchases A/c. 5000
2. Insurance Co. ...Dr. 5000
To Loss by fire A/c. 5000
3. Bank A/c. ...Dr. 4000
Profit and Loss A/c...Dr. 1000
To Insurance Co. 5000
| Is This Answer Correct ? | 153 Yes | 44 No |
Post New Answer View All Answers
journal entry for prepaid insurance and salary outstanding
what is gl a/c? & why is it maintain
What is corporate assesses?
How to make privision in SAP. (Please revert on the possibility of making this happen at PO Stage)
our cheque to Arshad Khan was dishonored?
Hai Experts can any one send me some finance interview questions ,my mail id is c.sujatha2008@gmail.com,please send quickly it's so need.
My Brother is running a small business of Window glasses & Mirror etc. He needs Bank Loan (CC/OD Limit)against current account. So, I need a project report to apply CC Limit. Please Help me. My EMAIL ID is :- savichawla_1703@yahoo.co.in Kindly send the report to above ID ASAP. Thanks & Warm Regards Sarvpreet +919888669523
What are the characteristic features of financial accounting?
Tell me what is your track record for consistently achieving your targets?
hai! i am a BE(computer science) graduate with 54% of aggregate looking for bank clerk job? in interview they are asking why are you looking for a bank job and what guareente that once you are selected ? plz guide me?
Hey can any body tell me..What are negative assets?
What is an Automatic Payment Program ?
What do you mean by ledger posting?
how to do asset appreciation in sap?
What is the difference between depreciation and amortization?
