Nirad Sahoo (student) (41 Points)
24 July 2020
CA Mohammed Khalandar
(Practicing Chartered Accountant)
(203 Points)
Replied 24 July 2020
Dear Sir,
The journal entry shall be :
Cash / Bank A/c.............Dr ( Actual claim funds received )
Abnormal Loss A/c..........Dr (Bal Fig)
To Stock A/c ( Cost of the material damaged )
To Other income A/C (Bal Fig)
Thanks & Regards,
Mohammed Khalandar
Chartered Accountant
Email : iamkhalandar @ gmail.com
Phone : 7899157078
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