Hi,
Please let me know the accounting entires for mentioned query:
We have lost the stock worth of Rs. 34820/- in transit and we have the insurance facility but we have received 76% of amount and there is loss.
please let me know the accounting entries for this transactions.
Thanking you in advance.
Accounting Entry :
Bank A/c Dr 26463
Loss of stock A/c Dr 8357
To Stock in Transit A/c 34820
Chirag N Shah & Associates
Mumbai
CA Inter
View Details
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
A R JADHAV AND ASSOCIATES
Mumbai
CA Inter
View Details
CAclubindia
