debit goods lost by fire 4000
credit goods inventory 4000
debit loss by firecredit purchases
debit loss by firecredit goods inventory
[Debit] Goods lost [Credit] Inventory account
Dr Cr By: Loss by fire A/c 2000 By: Insurance Co A/c 10000 To: Goods destroyed by fir A/c 12000
Ground Safety, BE and Fire Protection must approve permit prior to entry.
debit loss by firecredit purchases
Abnormal loss of goods a/c dr. To purchases a/c
debit loss by firecredit goods inventory
[Debit] Goods lost [Credit] Inventory account
Dr Cr By: Loss by fire A/c 2000 By: Insurance Co A/c 10000 To: Goods destroyed by fir A/c 12000
debit equipment accountcredit cash / bank
Fire Safety Journal was created in 1977.
Journal of Fire Protection Engineering was created in 1989.
Expedition Journal - 1999 Fire from Above was released on: USA: 1999
Fire tusen
Treatment of goods lost by fire etc. and insurance claim thereof :--Goods worth Rs. 10,000 lost by fire. Insurance claim is yet to be received for Rs. 6000.In this circumstance, goods worth Rs.10,000 (which is lost by fire) is to be credited in trading account separately ( not to be clubbed with closing stock).Then since Rs.6000/- is to be received by insurance claim. (so we are not received ,we have to receive)so this should be posted at asset side of the balance sheetRs.4000/- to be debited in profit loss account.(Because its a loss)
The answer is in the name. A Proximity suit is only used to get close to the fire, while an entry suit is used to walk through fire.