presentation matter
This query is : Resolved
07 April 2010
what is accounting treatment for theft
motor cycle how to present in the profit and loss account and balance sheet
motor cycle how to present in the profit and loss account and balance sheet
CA.Tarun Maheshwari
(Expert)
07 April 2010
You can transfer the book value of the asset to profit & loss account and show it as loss from assets.
07 April 2010
Agree or show it as assets impaired or diminution in value of assets.
CA Ashok Kumar Sahu
(Expert)
07 April 2010
AGREE WITH EXPERT,
IF RECOVERY IF ANY FROM INSURANCE CLAIM THEN BALANCE AMT TRF. TO P&L A/C.
IF RECOVERY IF ANY FROM INSURANCE CLAIM THEN BALANCE AMT TRF. TO P&L A/C.
CMA Ramesh Krishnan
(Expert)
08 April 2010
agree with Mr.Ashok
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