CA Foundation doubt
What treatment should we give on the claim of insurance of destroyed Machinery(Fixed Asset) ?
Asked by Aradhya14 Apr 2025882 views
2 answers
Aradhya · 14 Apr 2025
Yeah thank you , you're right!
Christy · 14 Apr 2025
In case of maintaining disposal account Transfer whole asset to disposal ac Then transfer depreciation till date to disposal Then credit it with amount admitted by insurance company Remaining loss transfer to abnormal loss Correct?
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