Loss by storm
This query is : Resolved
SUSHANT KUMAR SAHOO
(Querist)
21 November 2013
Dear Sir,
THIS IS A SOCIETY WHERE AS A STROM DAMAGE THE SOCIETY AND WE CLAIM 4 LAKH TO ICICI GIC LOMBARD BUT THEY PASS 3.50 LAKH.SO PLEASE ADVICE THE JOURNAL ENTRY.AND RECEIVED ENTRY.
I AM WAITING FOR BEST REPLY.
THIS IS A SOCIETY WHERE AS A STROM DAMAGE THE SOCIETY AND WE CLAIM 4 LAKH TO ICICI GIC LOMBARD BUT THEY PASS 3.50 LAKH.SO PLEASE ADVICE THE JOURNAL ENTRY.AND RECEIVED ENTRY.
I AM WAITING FOR BEST REPLY.
Nikhil Kaushik
(Expert)
21 November 2013
Dr Insurer (debtor) 3.5 lakhs
Dr Loss 0.5 lakhs
Cr Storeroom (asset) 4.0 lakhs
Later:
Dr Bank 3.5 lakhs
Cr Insurer (debtor) 3.5 lakhs
In case you earlier booked Rs 4.0 lakh against insurer
Dr Bank 3.5 lakhs
Dr Loss 0.5 lakhs
Cr Insurer 4.0 lakhs
Dr Loss 0.5 lakhs
Cr Storeroom (asset) 4.0 lakhs
Later:
Dr Bank 3.5 lakhs
Cr Insurer (debtor) 3.5 lakhs
In case you earlier booked Rs 4.0 lakh against insurer
Dr Bank 3.5 lakhs
Dr Loss 0.5 lakhs
Cr Insurer 4.0 lakhs
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