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Cash and jewellery theft transactions in it returns and books f.y. 23-24

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(Querist)
20 July 2024 sir,
It assessess trading a jewellery business cash amount rs:10 lacs and jewellery value rs:15 lacs theft f.y.23-24
Question:
Assessess cash and jewellery theft value transactions show procedure in it returns and books.f.y. 23-24.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
20 July 2024 After police inquiry, and insurance claim, whatever be excess loss, is debited to profit & loss account.
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