Insurance claim accounting

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..... We are manufacturing company, have appointed consignment agents for effecting sale. one of our consignment was damaged in transit. hence we lodged an insurance claim for the damaged goods. this is ac .....

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..... counted as insurance claim receivable. further the surveyor found a party sold the entire lot at discounted price on basis of commercial invoice issued by us. the goods were in possession of the su .....

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..... rveyor at time of sale were not brought back to factory. the balance amount is receivable from the insurance company. My question is should we account the commercial invoice as sale reflect in tu .....

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..... rnover or the sales proceeds should be adjusted against insurance claim receivable. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Have you got clarified in this Issue? - Insurance claim accounti .....

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..... ng - Query Started By: - apcotex Industres Ltd. Dated:- 8-1-2016 Accounting - Auditing - Got 1 Reply - Companies Law - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion .....

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..... Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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