Claim received against damage
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 September 2014
Party has received claims against goods damaged. Suppose Claim received is Rs 18,00,000 against goods damaged of Rs 20,00,000. What will be the treatment and journal entry?
09 September 2014
Bank A/c.....Dr 18L
P/L A/c......Dr 2L
To Goods destroyed by fire A/c.... 20L
P/L A/c......Dr 2L
To Goods destroyed by fire A/c.... 20L
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