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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Form 121 & TDS deduction
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Multiple trade mark
- Invoice V/S Goods receipt Note Date
- Regarding appeal to GSTAT
- Clarification on TDS Applicability
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
