AL PA - Single Entry & Incomplete Records

亞洲力量

if some stocks are destroyed, and we receive insurance compensation at the end of the year....shall we put that amount under REVENUE in p&l?

Zero

i suggest u to reduce the stock loss amount by the insurance received.....

and also,don't forget to correct the closing stock figure in trading acc.

亞洲力量

[QUOTE=Zero]i suggest u to reduce the stock loss amount by the insurance received.....
[/QUOTE]

i was taught (in CE) to add the insurance receivables under revenue and deduct the amount of stock loss under expeses, but AL's solution never does da same

Zero

[QUOTE=亞洲力量]i was taught (in CE) to add the insurance receivables under revenue and deduct the amount of stock loss under expeses, but AL's solution never does da same [/QUOTE]
becoz the insurance and the fireloss are occured from the same event,
so under the principle of set-off,
they are contra items and can only record the net effect....

亞洲力量

[QUOTE=Zero]becoz the insurance and the fireloss are occured from the same event,
so under the principle of set-off,
they are contra items and can only record the net effect....[/QUOTE]
thanks

Zero

[QUOTE=亞洲力量]thanks[/QUOTE]
welcome

簡拿華路

最好入個net amount啦
ｉ＆ｅ時,Profit on xxx activities / Loss on annual dinner
都係入個ｎｅｔ數

亞洲力量

[QUOTE=簡拿華路]最好入個net amount啦
ｉ＆ｅ時,Profit on xxx activities / Loss on annual dinner
都係入個ｎｅｔ數[/QUOTE]
題外話: 宜家每日做完小翠d 功課都夠鐘訓覺
根本無時間溫其他科
仲有半個月就first quarter... 宜家d econ, bs, 中文仍然一頭煙

簡拿華路

[QUOTE=亞洲力量]題外話: 宜家每日做完小翠d 功課都夠鐘訓覺
根本無時間溫其他科
仲有半個月就first quarter... 宜家d econ, bs, 中文仍然一頭煙 [/QUOTE]
小翠...好掛住佢的acct堂   
econ唔好放棄啊,bs就由佢啦
中文你邊個教?

<&g

trading減stock loss 總數
p & l 減 net off 數

亞洲力量

[QUOTE=簡拿華路]小翠...好掛住佢的acct堂   
econ唔好放棄啊,bs就由佢啦
中文你邊個教? [/QUOTE]
wong hon chau

p.s. peter ip teaches 4A maths, chris chan 4B econ       

簡拿華路

[QUOTE=亞洲力量]wong hon chau

p.s. peter ip teaches 4A maths, chris chan 4B econ       [/QUOTE]

阿秋   

哇...d高層走晒落黎教班細既