How can pass the entry stock goods loss by fire or theft

Question Posted / ramkumar@allinterview.com

Answers were Sorted based on User's Feedback

How can pass the entry stock goods loss by fire or theft..

Answer / amirdha

Loss stock on fire a/c dr
to Purchases a/c

Is This Answer Correct ?

27 Yes

6 No

How can pass the entry stock goods loss by fire or theft..

Answer / jaip

loss by fire a/c dr
to purchase a/c

Is This Answer Correct ?

18 Yes

0 No

How can pass the entry stock goods loss by fire or theft..

abnormal loss a/c dr XXXXX
To purchase a/c XXXXX

Is This Answer Correct ?

7 Yes

2 No

More Accounting General Interview Questions

Why are accounting standards necessary?

Which kind of transactions are not recorded in the books of account?

How many types of Methods of Depreciation Calculation ?

what does LAT stand for in FYE statement

If i have started a new institution than what are the entries i have to passed in tally

WHAT IS OPERATING CYCLE?

what is the difference between accrued and due

how to pass entry in tally when insured item damage. But goods purchases with in state.

CHEQUE ISSUED TO ABC 20000 & DISSOUNT RECEIVE 2000 THE CHEQUE DISSONORED WHAT ENTERY THIS TRANSACTION

What is the logic behind this entry P & L Appropriation A/c ..........Dr. To Provision for income tax A/c

Goods lost in accident what entry should be made?

How many types of accounts may be in a company.

For more Accounting General Interview Questions Click Here