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(Querist)
19 November 2013 If car has stolen and the company received claim against the same after some year then the difference should be transferred to P&L account as indirect income. So what should we write accurately in the credit side i.e. insurance claim or any specific word for the same?

Wdv today 83,240
claim received 4,74,000
Difference Rs. 3,90,760

Entry
Cash dr 474000
TO CAR 83240
TO INSURANCE CLAIM 390760
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pradeep kumar

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pradeep kumar (Querist)
20 November 2013 Please reply any one for the query...
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