Theft
vivfry84
Registered Posts: 38 Dedicated contributor 🦉
We recently had a large amount of money stolen from our work bank account. How would I record this in our accounts as the chances of us getting it back are zero.
Thank you.
Thank you.
0
Comments
-
The sum not covered by insurance is an allowable loss, unless the cash was stolen by the owner or director.
You can write it off to the p&l , you may need to create a new account (similar to bad debt).5 -
Thank you.0
Categories
- All Categories
- 1.4K Books to buy and sell
- 21.6K For AAT students
- 11.8K Student community
- 389 Qualifications 2022 discussion
- AAT Level 4 Diploma in Professional Accounting
- 10.4K AAT member community
- AAT Practice owner community
- 150 AAT Bookkeeping community
- 8.1K General accounting discussion
- 1.3K AAT member discussion
- 3.8K For everyone