what should be the accounting entries for loss of cash and assets due to robbery. what should be the supporting document to prove the robbery.
saroj badhai (asst manager) (33 Points)
18 June 2011what should be the accounting entries for loss of cash and assets due to robbery. what should be the supporting document to prove the robbery.
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 18 June 2011
THE PROOF OF THE ROBBERY WOULD BE THE POLICE COMPLAINT YOU HAVE LODGED
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 18 June 2011
LOSS ON THEFT AC - - - - - - -- - - - - - -DR
TO CASH
TO PARTICULAR ASSET
(BEING LOSS DUE TO THEFT/ ROBERY)
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 18 June 2011
SORRY WRITE LOSS DUE TO THEFT IN STEAD OF LOSS ON ROBBERY
ashish gupta
( student)
(1922 Points)
Replied 18 June 2011
just debit a nominal a/c (loss by robbery) and credit the assets lost.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961