Total Loss Compensation for Lorry

我公司有一辆 Lorry (Cost -RM 75,000; Accum. Dep. – RM 75,499;  NBV -RM 1 )

今年accident了,报销了保险公司为total loss. 而保险公司也还了RM 18,000作为Insurance Compensation

1.请问, 它的accounting entry 我该如何做?
2.请问,insurance claim到的钱是我们的other income or disposal or written off? Subject to GST?

3. 而它的tax code又是什莫?

Thank you very much.

Asked on March 30, 2017 2017-03-30 03:25:25 Business (商家)
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