How to pass JV entry during material damaged duirng transit
This query is : Resolved
25 September 2019
Hi,
In case of supply a goods to your buyer , goods damaged during transit , seller insurance claim to courier company , , buyer already issue debit note against damges goods received .
how to JV entry pass in tally in seller book
Thank you
In case of supply a goods to your buyer , goods damaged during transit , seller insurance claim to courier company , , buyer already issue debit note against damges goods received .
how to JV entry pass in tally in seller book
Thank you
25 September 2019
If claim is made to insurance company
Debit Insurance claim receivables ( under current asset)
Credit the buyer
On receipt of claim
Debit bank account
Credit insurance claim receivables
If less amount of claim is received , the difference amount to be debited to consumption account
Debit Insurance claim receivables ( under current asset)
Credit the buyer
On receipt of claim
Debit bank account
Credit insurance claim receivables
If less amount of claim is received , the difference amount to be debited to consumption account
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