Insurance claim received
Querist : Anonymous
Case :A ltd. paid Rs. 25,500/- as insurance for car on 02.04.2012.The car met with an accident & a claim of Rs. 10,200/- was received on 12.12.2012.Further, repairing expenses did amount to Rs.21,000/-. What should be the most appropriate accounting entry???
Quick Reply requested
Querist : Anonymous
Now, if the claim received amounts to Rs. 50,000, how will that be shown in P & L A/c ???
What will be the accounting entry ???
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