stock insurance in tally

This query is : Resolved

Harshal nikam (Querist)
Follow

13 December 2016 i was purchase insurance agaist stock its a stock insurance .. so whats is entry pass in tally erp 9 please tell me....

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
Follow

13 December 2016 Debit insurance
credit Bank , narration mention insurance on stock
If insurance falls two different financial year calculate insurance for number of days in the Financial year same can be claimed, what ever prepaid to the extent which falls in next year can be treated as prepaid insurance and same to be grouped under current assets. Once year closed same to be reversed extent of prepaid.

VIPIN GUPTA

VIPIN GUPTA (Expert)
Follow

13 December 2016 To be more specific you can debit Stock Insurance and factories have many type of insurance policies

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Dhananjay Singh

Hmr Babu

Mikilesh Shah

CA Jyoti Singh

Phani

Subscribe Now

stock insurance in tally

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

GST CONSULTANT

GST CONSULTANCY

Manager- Finance and Compliance

Article Assistant

CA Final