We had purchased 100 Electrodes @ Rs 20/- Each. After a
year we found 2 Electrodes is missing by physical Count.
My Question is what journal entry should we passed against
missing of 2 electrodes.
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Answer Posted / yogendra.c
Usual Entry is:
--------------
Loss by Theft A/c Dr - 40
To Electordes A/c - 40
Incase if you are sure that it was mistake of Supplier
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Creditor A/c Dr - 40
To Electrodes A/c - 40
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