Asset Destroyed by Fire? | Correct Accounting Treatment & Insurance Claim | Ind AS
Автор: Keep Learning With CA Abhishek
Загружено: 2026-01-04
Просмотров: 102
Описание:
Loss by Fire in Fixed Assets – Accounting Treatment as per Ind AS 🔥
In this video, I have explained the complete accounting treatment when a fixed asset is damaged or destroyed due to fire, along with the treatment of insurance claim, strictly as per Ind AS.
This is a practical and exam-oriented topic and is very useful for Chartered Accountants, finance professionals, auditors, and CA students.
📌 Topics Covered in This Video:
✅ Accounting treatment of loss by fire in fixed assets
✅ Journal entries for destroyed assets
✅ Treatment of insurance claim (received / receivable)
✅ Application of Ind AS 16 – Property, Plant & Equipment
✅ Application of Ind AS 36 – Impairment of Assets
✅ Impact on Profit & Loss Account
✅ Practical example explained in a simple manner
📘 Standards Covered:
Ind AS 16 | Ind AS 36
📢 If you are working in industry or preparing for CA exams, this video will give you clear conceptual understanding with practical application.
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#Accounting #IndAS #FixedAssets #LossByFire #InsuranceClaim
#CharteredAccountant #CAFinal #CAInter #IndAS16 #IndAS36
#AccountingTreatment #PracticalAccounting #Audit #FinanceProfessionals
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