How to pass JV entry during material damaged duirng transit

This query is : Resolved

AMIT KUMAR (Querist)
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25 September 2019 Hi,
In case of supply a goods to your buyer , goods damaged during transit , seller insurance claim to courier company , , buyer already issue debit note against damges goods received .
how to JV entry pass in tally in seller book
Thank you

A.S.SUNDARARAJAN

A.S.SUNDARARAJAN

(Expert)
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25 September 2019 If claim is made to insurance company

Debit Insurance claim receivables ( under current asset)
Credit the buyer

On receipt of claim

Debit bank account
Credit insurance claim receivables

If less amount of claim is received , the difference amount to be debited to consumption account

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