01 August 2007
A company has received a claim from insurance company for loss by fire.the said insurance policy contains the clause for reinstatement of asset loss by fire. what will be treatment in books in following cases:-
claim wdv of asset Asset purchased passed destroyed (new) 1.10000 12000 14000 2.10000 8000 7000 3.10000 15000 Not yet purchased
CAclubindia
