Accounting Entry
This query is : Resolved
20 March 2010
Raw material lost by fire at our factory
what is entry passed in books of accounts for 2009-10.
reply with accounting heads
what is entry passed in books of accounts for 2009-10.
reply with accounting heads
20 March 2010
Normal loss a/c Dr.
To, Purchase a/c or Raw material a/c
To, Purchase a/c or Raw material a/c
20 March 2010
I DONT THINK LOSS OF STOCK BY FIRE IS A NORMAL LOSS.
LOSS OF STOCK BY FIRE A/C DR.
TO PURCHASE A/C OR RAW MATERIAL A/C
LOSS OF STOCK BY FIRE A/C DR.
TO PURCHASE A/C OR RAW MATERIAL A/C
20 March 2010
as per AS - 5, it's a normal loss
20 March 2010
If Co. go for Insurance Claim for this loss
or
If our jo worker go for same insurance claim on behalf of the co. and Insurance co. pay claim our job worker and he pay to co.
how to entry passed
pl give both entry sepretaly
or
If our jo worker go for same insurance claim on behalf of the co. and Insurance co. pay claim our job worker and he pay to co.
how to entry passed
pl give both entry sepretaly
20 March 2010
1. CASE - a. Insurance co. a/c Dr
To, Normal loss a/c
b. Bank Dr.
to, insurance co.
if through job worker:
a. Job Worker a/c Dr
To, Normal loss a/c
b. Bank Dr.
to, job worker a/c
To, Normal loss a/c
b. Bank Dr.
to, insurance co.
if through job worker:
a. Job Worker a/c Dr
To, Normal loss a/c
b. Bank Dr.
to, job worker a/c
Message likes :
1 times
21 March 2010
agree with Mr.Ashok
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