Start learning 50% faster. Sign in now
Claims account Dr. To Claims intimated but not accepted and paid account Cr. To Claims intimated and accepted but not paid account Cr. Explanation: The appropriate adjustment entry, as per option B), is to debit the "Claims account," credit the "Claims intimated but not accepted and paid account," and credit the "Claims intimated and accepted but not paid account." This reflects the movement of amounts from the "Claims account" to the two specified accounts. This approach ensures accurate accounting for claims that have been intimated and accepted but not yet paid, as well as claims that have been intimated but not accepted and paid.
Which of the following statements is/are incorrect in regards Sharda Peeth Temple University?
What is the minimum number of employees required for an establishment to be covered under the ESI Act, 1948?
Consider the following statements regarding The Indian Development and Regulation Act (1951)?
(1) It is the genesis of Industrial licensing.
...The principle that suggests recording expenses only when they are realized, and income only when they are certain, is known as:
A trader calculated his profit as Rs.150000 on 31/03/2014. It is an
Dry ice is:
A man spent 45% of his income in May. If his savings is increased by 20% in June and becomes Rs. 13200, then find the income of man in May.
The LCM of 84, 105 and 140 is: