Dear Reader,
I have a doubt as to what should be the apt accounting for the following scenerio:
Disposal of Asset against Insurance Claim, where Book Value of the asset is 100,000 accumulated depreciation is 95,000 and claim is 90,000.
Please help as to what should be the Journal Entry for this particular scenerio.
Thanks
Gurjinder
Jawahar and Associates Chartered Accountants
Hyderabad
CA Inter
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Gowra Ventures Pvt Ltd
Hyderabad
CA
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CCI
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