Insurance claim received on fixed assets loss

This query is : Resolved

Prerna (Querist)
Follow

05 March 2012 dear Sir,

Please tell me how we make entry for fixed assets loss and claim received by Insurance company

CA. Hari Kishan (Expert)
Follow

05 March 2012 Loss on Fixed asset Dr.
Bank account Dr.
To Fixed asset.

CA. Hari Kishan (Expert)
Follow

05 March 2012 Please also note to discharge VAT on the same should it be applicable in your respective state.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Unanswered Queries

view all classess