ABC LTD PURCHASE GOODS FROM XYZ LTD OF Rs.400000/- BUT
DURING THE TRANSPORTATION ALL GOODS ARE DESTROYED.ACCORDING
TO AGREEMENT INSURENSE CO. PAID 75% OF DESTROYED GOODS TO
SELLER.
WHAT WILL BE JOURNAL IN BOTH PERSON ACCOUNT.
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Answer Posted / sonug591
ABC A/C
THERE IS NO ENTRY IN ABC BOOK
XYZ A/C
ABNORMAL LOSS Dr.100000
BANK A/C Dr.300000
SALE Cr.400000
| Is This Answer Correct ? | 3 Yes | 5 No |
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