Sale of goods lost in transit

please share the accounting standard for goods lost in transit
Replies (2)
Quick Summary
This discussion explores the accounting treatment for goods lost in transit, noting that there isn't a specific accounting standard for this scenario. Reimbursements are generally dependent on the contract terms between parties. While AS 9 (Sale of Goods) was suggested as potentially relevant, it was not confirmed.

Complete reimbursement. No accounting standard mentions this issue. Standards are there to progress a company like a going concern. And then, reimbursements can be a small topic and it depends upon the contract.

AS 9 ( sale of Goods) may be useful , just confirm. not sure.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
Featured 02 August 2026
Accounts Executive

Aashok F&C Advisory

Guwahati

CA

View Details
Company
28 July 2026
Senior accountant

RJ Public School

Bengaluru

B.Com

View Details
Company
16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details
Company
22 July 2026
Senior Chartered Accountant

SKSS

Patna

CA

View Details
Company
29 July 2026
ACCOUNTANT

ONESTEP GST SOLUTION

New Delhi

B.Com

View Details
Follow