Accounts
This query is : Resolved
chandan Kumar
(Querist)
18 January 2014
treatment of stock destroyed by fires and insurance claim received
Ganeshbabu K
(Expert)
19 January 2014
Dr.loss of stock(loss booking)
Cr.stock lost(create under purchases)
.
.
As and when money received from insurance co. Treat it as indirect income
.
.
Dr.bank
Cr.insurance claim received(create under indirect income)
Cr.stock lost(create under purchases)
.
.
As and when money received from insurance co. Treat it as indirect income
.
.
Dr.bank
Cr.insurance claim received(create under indirect income)
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