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What will be the entry in book, stock get destroyed in fire
Of rs. 1, 00,000/- in two circumstances?

Answer Posted / suastik

Dr. Cr.

Abnormal Loss A/C Dr. 100000

To Stock Destroyed by Fire 100000

(Abnornal Loss A/C will be shown Dr.side of P/L a/c, and
Stock destroyed by fire will be Cr. side of Trading a/c. of
Rs. 100000/-.)

Is This Answer Correct ?    3 Yes 1 No



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