DATE OF FIRE 19.05.07
ESTIMATED LOSS ON 19.05.07
M.S. SHED WHICH IS NOT PART OF BUILDING(REPAIR & MAINTANANCE)- RS 43200.00
STOCK RS 75000.00
PLANT & MACHINERY RS 18000.00
PACKING MATERIAL RS 12000.00
ADDITIONALLY FIRE BRIDGE CHARGES RS 123000.00
INSURANCE CLAIM REC. AS ON 27.05.2008 OF RS 146089
PLZ SUGGEST A/C ENTERIES TO BE PASSED IN THE BOOKS FOR THE F.Y. 2007-08 &2008-09.
| Originally posted by :anirudh dash | ||
| " |
Loss on Fire a/c dr 2,28,000 Repair& Maintenance A/c 43,200 To stock a/c 75,000 To Plant & Machinery a/c 18,000 To Packing Material a/c 12000 To Cash/Bank A/c 1,66,200
Cash/bank A/c 149089 to Loss on Fire 149089 |
" |
07-08 Loss (P&L) Dr 105000
To stock 75000
To Plant & Mach 18000
T o Packing mtrl 12000
To Shed 43200
Addtl Bridge charges 123000
To Cash/Bank 123000
If receipt of insurance claim certain , only then book receivables.
Else, 08-09
| Originally posted by :anirudh dash | ||
| " | DATE OF FIRE 19.05.07 ESTIMATED LOSS ON 19.05.07 M.S. SHED WHICH IS NOT PART OF BUILDING(REPAIR & MAINTANANCE)- RS 43200.00 STOCK RS 75000.00 PLANT & MACHINERY RS 18000.00 PACKING MATERIAL RS 12000.00 ADDITIONALLY FIRE BRIDGE CHARGES RS 123000.00 INSURANCE CLAIM REC. AS ON 27.05.2008 OF RS 146089 PLZ SUGGEST A/C ENTERIES TO BE PASSED IN THE BOOKS FOR THE F.Y. 2007-08 &2008-09. |
" |
1.
Loss by Fire A/c Dr. 5,41,200
To Shed 43,200
To Stock 75,000
To Plant & Machinery 1.80,000
To Packing Material 1,20,000
To Fire Bridge Charges 1,23,000
3.
Insurance Company A/c Dr. 5,41,200
To Loss by Fire A/c 5,41,200
4.
Bank A/c Dr. 1,46,089
To Insurance Company 1,46,089
5.
P&L A/c Dr. 3,95,111
To Loss by fire 3,95,111
07-08 Loss (P&L) Dr 105000 To stock 75000 To Plant & Mach 18000 T o Packing mtrl 12000 To Shed 43200 Addtl Bridge charges 123000 To Cash/Bank 123000 08-09 Cash/Bank a/c Dr. 146089 To Insurance Claim a/c 146089 Regards Amritansh Agrawal
Triveni Turbine Limited
Bengaluru
CA
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