Entry
This query is : Resolved
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
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
20 November 2013
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