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19.4                                                   Double Entry Book Keeping—CBSE XI


                       Deduct from debtors on the assets   side.  ×  Show on the liabilities side as a   Current Liability.  Add to Capital on the liabilities side.  ×  Value of such goods will be deducted  from capital on the liabilities side.  Deduct from the concerned asset.  The amount due from the insurance  company is shown on the assets side   as a Current Asset.

















                       Show on the debit side.  Show on the credit side.  Show on the debit side.  Show on the debit side   Show on the debit side as  Other Expenses.  ×  Show on the debit side.  Show on the debit side.  (Value of unrecovered loss)















                       ×         ×        ×          ×      Value of such goods is deducted   from the purchases.  Value of such goods is deducted   from purchases.  ×  Show value of such goods is   deducted from purchases.







                       ...Dr.  Provision for Discount on  ...Dr.  ...Dr.  ...Dr.  ...Dr.  ...Dr.  ...Dr.  ...Dr.




                       Profit & Loss A/c   To   Debtors A/c     Provision for Doubtful   Debts A/c   Profit & Loss A/c  To   Profit and Loss A/c   Commission  To   Outstanding A/c     Interest on Capital A/c   Capital A/c  To   Staff Welfare Expenses A/c   Purchases A/c  To   Drawings A/c   Purchases A/c  To   Loss by Accident A/c   Particular Asset A/c  To   Loss by Accident A/c   Purchases A/c  To















                       Provision for Discount   on Debtors  Excess Provision for  Doubtful Debts  written back    Manager’s Commission  Interest on Capital  Goods Distributed  among staff members  for Staff Welfare  Drawings of Goods   by the Proprietor for   Personal Use  Abnormal or Accidental     (i)  Loss of Asset  (ii) Loss of Stock


                       9.                 10.          11.   12.            13.     14.   Losses
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