Answer / atul kumar pandey

1 entry- stock lost by fire a/c dr.
to purchase a/c

2- entry- profit & loss a/c dr.
to lose by fire.

Answer / mohammed fareed

Journal Entry

Abnormal loss a/c   Dr      230
  To  Stock account               230

next entry

Profit and Loss a/c   Dr      230
    To Abnormal loss a/c           230

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