Accounting traetment
Querist : Anonymous
Plz share ur valuable opinion on the following matter:
A) What is the treatment when goods are
1)stolen from warehouse,
2)stolen/ destroyed while in transit
3)If any insurance claim is received
on such destruction / stolen.
Thnx in advance
loss of stock ( theft) dr
to stock in hand
2)stolen/ destroyed while in transit
Loss of stock (theft/ damage)dr
to stock in hand ( transit)
3)If any insurance claim is received
on such destruction / stolen.
cash / bank a/c dr
to Insurence claim a/c
Querist : Anonymous
Thnx for ur valuable opinion, but it would be appreciable if the treatment of vat on the above situations is highlighted as to the availability of credit of VAT input .
Click here to login now
Similar Resolved Queries
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Value of property in capital gain
- Copyright software
- Form 121 & TDS deduction
- Transporter Declaration form
- Regarding TDS Applicability For Director Remuneration
- LC charges in relation to Asset purchased should be Capitalised ?
- Regarding appeal to GSTAT
- 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
