ashok (MANAGER FINANCE) (52 Points)
20 July 2011Hi,
Please let me know the accounting entires for mentioned query:
We have lost the stock worth of Rs. 34820/- in transit and we have the insurance facility but we have received 76% of amount and there is loss.
please let me know the accounting entries for this transactions.
Thanking you in advance.
Rohtash
(CA - Final / CS / B.Com)
(1140 Points)
Replied 25 July 2011
MAYA. N
(Accounts Officer)
(68 Points)
Replied 26 July 2011
Accounting Entry :
Bank A/c Dr 26463
Loss of stock A/c Dr 8357
To Stock in Transit A/c 34820
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
CAclubindia
