Insurance claim

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 July 2015 sir, company ki ak motor cycle ka accident ho gya to repair me 40000 Expence hua...
aur claim me 27000 mile to iski tally me entry kase hogi...

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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11 July 2015 1) Bank A/c Dr Rs 27000

To Insurance Claim Recd. A/c Rs 27000

2) Repair to Vehicles A/c Dr Rs 40000
To Bank A/c Rs 40000

3) Insurance Claim A/c Dr Rs 27000
To Repairs to Vehicle A/c Rs 27000

So ultimately Rs 13000 will charged to P/L A/c towards repairs to vehicle.