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Goods Damage and Gross profit Loss

This query is : Resolved 
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(Querist)
02 March 2020 Dear Sir,

in our Store roof is broken due to heavy rain it efect some goods damage. it cover under Insurance.
before pass the entry in books of account GP is postive value but
when I passed the entry in Tally

Insurance Claim receivable Dr. 225000/-
Purchase A/c Cr. 225000/-

Gross profit show negative value
please suggest Can i make mistake during entry
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
21 May 2020 Your NET Profit will be same as Insurance Claim amount will be credited to PL Account. GP will become a loss.
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