Why insurance claim for stock damaged by fire is a revenue receipt?

Question ajoutée par Ajay Happy singh
Date de publication: 2017/11/03

Apprécier (0) Vues (1) Suiveurs (1) Réponses (1) Report Question

Ajoutez Une Réponse
Inscrivez-vous ou connectez-vous pour répondre.

par Mamoun elbaghir abdalla mhamad Eltayeb , Insurance agent / Producer , Albaraka Insurance Company

I think claim paid is a compensation and recovery that can be registered and count in the credit side .

Thanks

Apprécier (1)

Déprécier Réponses () Rapport

Offres d'Emploi Ingénieur Offres d'Emploi Vendeur Offres d'Emploi Comptable Offres d'Emploi Informaticien Offres d'Emploi Technicien

Insurance claim received on machinery destroyed by fire is a (A) Capital receipt (B) Revenue receipt (C) Capital expenditure (D) Revenue Expenditure?
Top Answer: CAPITAL EXPENDITURE: MACHINERY COMES UNDER INFRASTRUCTURE BEFORE OR STARTING ANY INDUSTRY INFRASTRUCTER A ... Voir Plus

Réponses (2)
Liquidated damages for delayed completion of project recovered from subcontractor is capital receipt or revenue receipt?
Top Answer: I believe that it should be kept as revenue as the the LDs are usually for delayed project completion mea ... Voir Plus

Réponses (1)
Adjustment loss stock by fire (goods are insured or not insured)?
Top Answer: MAKE ENTRY IN BOOKS goods lost by fire account ,,,Dr To purchase account ........CR When we receive ... Voir Plus

Réponses (1)
How do you treat slavage goods in fire insurance claim?
Top Answer: The insurance company treat and process total loss claim and slavage as hereunder:- A) either , take sl ... Voir Plus

Réponses (1)