What will be the journal entry for good lost by fire. How
many entries will be passed in the books of account for the
same.
- 29 Answers
- 135411 Views
- IBM, MTM, I also Faced
- E-Mail Answers
Answer Posted / atharva ruplag
the journal entry will be
Profit and loss A/c............Dr
To Trading A/c / Purchases A/c
Reference from 12 std HSC Book-keeping and Accountancy Text book
2 effects in final accounts
1st effect - P & L A/c - Debit side
2nd effect - Trading account Credit side
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Account for letter of credit in the books?
can we credit depreciation of the year to the general reserves in a balance sheet of that year? and also enlist some relevant documents or standards?
Explain accounting 101?
Tell me did you use accounting applications at your previous companies or prefer working manually?
What is an adjusting journal entry?
What is meant by turnover?
all ques. related to accounts?
What information is included in a bill for services?
Tell me what are the key tasks for account executive?
what is tax deducted at source
What is the difference between provision and reverse?
in trading credit why does goods sent on consignment come?
Can you send me advertisement format for lost of E-1 form. kindly do the needful urgently. Thanks AP
rents part of its building for a monthly fee of $1,250. The rent for the month just past has not been received.
what is miscellaneous expenditure??
