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(Querist)
15 March 2013 At the time of fire, we pass the entry as per below....
INSURANCE CO. A/C Dr.
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Hemant Kumar

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Hemant Kumar (Expert)
15 March 2013 Please clarify your query...
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CA AYUSH AGRAWAL

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CA AYUSH AGRAWAL (Expert)
15 March 2013 No Entry at time of fire.

yeah, but before claim from insurance, year ending is there, then you need to pass entry for whatever amount you claimed.
and mention it in notes to account.
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