stock insurance in tally
This query is : Resolved
13 December 2016
i was purchase insurance agaist stock its a stock insurance .. so whats is entry pass in tally erp 9 please tell me....
13 December 2016
Debit insurance
credit Bank , narration mention insurance on stock
If insurance falls two different financial year calculate insurance for number of days in the Financial year same can be claimed, what ever prepaid to the extent which falls in next year can be treated as prepaid insurance and same to be grouped under current assets. Once year closed same to be reversed extent of prepaid.
credit Bank , narration mention insurance on stock
If insurance falls two different financial year calculate insurance for number of days in the Financial year same can be claimed, what ever prepaid to the extent which falls in next year can be treated as prepaid insurance and same to be grouped under current assets. Once year closed same to be reversed extent of prepaid.
13 December 2016
To be more specific you can debit Stock Insurance and factories have many type of insurance policies
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