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
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
View Details
SMJ global advisors pvt ltd
New Delhi
B.Com
View Details
CAclubindia
