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Reply from dunes on Feb 26 at 8:56 PM Hi,
This is what I think. When the materials are scrapped the value is posted from the stock account to the scrapping account. How about using a GL account posting to transfer the value from the Scrapping account to the insurance Claim receivable account? However, these two accounts must be able to be posted to manually (deactivated post Auto in the GL account master records).
| | | ---------------Original Message---------------
From: parkash tewtia
Sent: Thursday, February 23, 2012 4:40 AM
Subject: Issue Material against Insurance Claim Receivable
Hi Experts
In Our company some material has burnt by fire and this was insured material. Now i will get insurance claim for this material from insurance company. How i can remove this from inventory and cost of this material should go to Insurance Claim Receivable. So that when i will receive this claim amount i can nullify this cost.
Please advise
Regards
Parkash Tewtia |
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