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Accountancy

Hello, in this problem the insurance claim is more than the loss incurred including expenses. Kindly clarify.

Aswin Chandar

CA Final

★ 40K+

09-Apr-22 19:32

395

Answers (2)

Best Answer

Generally it doesnâ??t happen. As discussed in class, credit loss to consignment account. Excess claim will be a gain shown in PL

CA Suraj Lakhotia

Admin

09-Apr-22 19:33

CA Suraj Lakhotia Admin

Generally it doesnâ??t happen. As discussed in class, credit loss to consignment account. Excess claim will be a gain shown in PL

Ok thank you sir.

Thread Starter

Aswin Chandar

CA Final

★ 40K+

09-Apr-22 20:51