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.
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Answer Posted / ajith
purchase a/c Dr
to loss on fair a/c
| Is This Answer Correct ? | 2 Yes | 14 No |
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Cash bill of sale so the company can deduct the amount.
in our co we are sales of good to branch in order sales+fright, branch made jv entry in own book as full amount debit and credit. now our book show sales without freight but branch shows including freight that why differences is arise due to wrong entry passes pls clarify this entry and this entry is done last year book now balance is finalize.
Plant and machinery destroyed for 50000
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