In Feb-11month in our office fire accident is happend and some worth of Rs.25lakhs servers burnt and not usable of those servers, can u explain how to treat accounting
08 April 2011
Show the cost of Server as loss due to Fire in you P&L A/c.(Please keep the memo/report of Local police and Fire Department about the said accident)
Querist :
Anonymous
Querist :
Anonymous
(Querist)
08 April 2011
Can u expalin me what entries need to pass
1. Assets knockoff 2. Depreciation 3. Loss of assets