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(Querist)
07 April 2010 what is accounting treatment for theft
motor cycle how to present in the profit and loss account and balance sheet
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
07 April 2010 You can transfer the book value of the asset to profit & loss account and show it as loss from assets.
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Rasesh

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Rasesh (Expert)
07 April 2010 Agree or show it as assets impaired or diminution in value of assets.
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
07 April 2010 AGREE WITH EXPERT,

IF RECOVERY IF ANY FROM INSURANCE CLAIM THEN BALANCE AMT TRF. TO P&L A/C.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
08 April 2010 agree with Mr.Ashok

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