What kinds of questions I can and can't answer?
Goods and service tax, Tamilnadu VAT
My area of expertise Accounts, audit and MIS
My experience in
the area (years): 24
belong to: GLOBAL TVS BUS BODY BUILDERS LIMITED
writing which has appeared : NIL
Award & Honors:
: In case of loss or damage of stock
Hi Mr Sundararajan
In case of loss of stock, why should it be a financial entry, is it not suffice to pass a stock journal for lost or damaged quantity. In case of trading concern, what type of consumption account is required to be maintained. Whether irrecovered amount of insurance claim may not be passed as loss on insurance claim in PL.