Individual Accounts
This query is : Resolved
17 March 2010
Dear Sir,
What will be the accounting entry in the books of individual where glass has been broken which was purchased for flat and has been capitalised in flat under fixed assets .
And also please tell the accounting entry for the amt recd from insurance company twds furniture insurance claim on account of broken glass.
Regards
Ravi Konda
What will be the accounting entry in the books of individual where glass has been broken which was purchased for flat and has been capitalised in flat under fixed assets .
And also please tell the accounting entry for the amt recd from insurance company twds furniture insurance claim on account of broken glass.
Regards
Ravi Konda
23 March 2010
Is it the business asset or personal asset?
24 March 2010
IT IS PERSONAL ASSET
25 March 2010
Dr. the cost of glass to asset A/c and cr. insurance claim recd.
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