Interested to Buy Any Domain ? << Click Here >> for more details...
accounting effect for closing stock goods destroyed by fire
and claim is given by insurance co
- 3 Answers
- 13235 Views
- Forbes, I also Faced
- E-Mail Answers
Answer Posted / shameemudheen
DR Inventory loss by Fire - Expenses
CR Inventory - Asset
(Inventory loss noted due to fire)
DR Cash - Asset
CR Insurance company - Assets
(Claim amount received from insurance company)
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What is Bank Reconciliation Statement? How to calliculate in tally erp9.0?
What are the 4 principles of gaap?
Types of errors in account
Can CPF share given by govt. added in the Financial gross salary while calculating Total gross salary at the end of Financial year.For eg: My gross salary is Rs.X during a Fin. year & govt share of CPF is Y then Total Fin. Year gross salary is =X+Y,is it correct?
journal entry for prepaid insurance and salary outstanding
whats difference between manufacturing account & cost account
what is the enty for contract bill raised?
what made you take up present subject/area of specialization and what would you define as your career objectives
One car company raised an invoice of 30k to its customer, which includes car's price and one year service price of 1600 (cost). They work on 25% margin. How much amount will go to Income statement and B/S?
what's the mean by Imprest system? Please give me Replay on this no. 9885789716
Payment Blocks . What is "A" and "R" Blocks in Account payables.. ??
Tell me what is ledger?
What was your average accounts receivable days outstanding/days sales outstanding?
What is account payee cheque? Expand ctc cheque?
Please note that all the question related to VAT is belongs to pune, maharashtra. waiting for quality reply.
