Goods destroy by fire-journal entry?

Answers were Sorted based on User's Feedback



Goods destroy by fire-journal entry?..

Answer / nair vineeth

Loss by fire A/c Dr
To Purchase A/c

Is This Answer Correct ?    246 Yes 21 No

Goods destroy by fire-journal entry?..

Answer / sukanta saha

goods destroyed by fire A/C debit
purchase A/c credit

Is This Answer Correct ?    57 Yes 31 No

Goods destroy by fire-journal entry?..

Answer / rabindra mallick

# If not Insured-
Profit & Loss a/c
To Trading (Stock) a/c Cr.
# If Partly Insured-
Insurance Claim a/c Dr.
profit & Loss a/c Dr.
To Trading (stock) a/c Cr.

# If fully insured-
Insurance Claim a/c Dr.
To Trading (stock) a/c Cr.

Is This Answer Correct ?    53 Yes 29 No

Goods destroy by fire-journal entry?..

Answer / jagadeesh

Loss by fire a/c--------dr
To purchases a/c

Is This Answer Correct ?    21 Yes 5 No

Goods destroy by fire-journal entry?..

Answer / sandeep kumar chhajlana

Loss by fire a/c Dr.
To stock/inventory a/c

Is This Answer Correct ?    9 Yes 1 No

Goods destroy by fire-journal entry?..

Answer / arnab das

Abnormal loss account Dr
To purchase

Is This Answer Correct ?    4 Yes 0 No

Goods destroy by fire-journal entry?..

Answer / angel

Goods destroyed ac ....Dr
To trading account
And second entry
Balance sheet asset side

Is This Answer Correct ?    10 Yes 11 No

Goods destroy by fire-journal entry?..

Answer / debraj pal

Closing Stock A/c Dr
To P/L Acct

P/L Acct Dr
To Goods destroyed by fire

Is This Answer Correct ?    39 Yes 41 No

Goods destroy by fire-journal entry?..

Answer / suraj dubey

Loss by fire A/c Dr.
To Destroyed by fire A/c

Is This Answer Correct ?    7 Yes 11 No

Goods destroy by fire-journal entry?..

Answer / raushan

By loss fired a/c. Dr
To destroyed a/c. Cr

Is This Answer Correct ?    3 Yes 7 No

Post New Answer

More Accounting General Interview Questions

What are current assets?

6 Answers   State Bank Of India SBI,


what are the extraordinary items?

0 Answers  


what is secondary market?

6 Answers   IBM, Karvy,


whats difference between manufacturing account & cost account

0 Answers   Kurlon,


FIXED Asset - What is the most used method/right method in Depreciation in India and other countries..? (ie., Straight line method,Written down value method. or etc.,). The calculation for depreciation how it stand commonly in all organization..? Is there any difference between companies and assets..? Your answer will be highly appreciated. Thanks in advance.

3 Answers  






can i direct payment made t code f-53 to bsnl agst telephone exp.? or 1st create a/c.of bsnl and book in fb60 then payment made whose correct?

0 Answers  


WHAT ELEMENTS OF YOUR JOB JNTEREST YOU THE MOST AND LEAST?

0 Answers  


Differentiate between provision and reserve?

0 Answers  


What are the 4 phases accounting?

0 Answers  


SHADOW BALANCE SHEET

1 Answers   HCL,


Which steps in Procurement to Pay process does FI documents get created.

0 Answers  


any body pls. tell me, if we purchase with credit card how to take into tally ( and) comes under which group for credit card purchases

2 Answers  


Categories