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 |
Post New Answer View All Answers
what is groups and and ledgers in tally can you give why we need to prepare them
Define "book value" as applied to accounting
Tell me how you can adjust entries into account?
what do you consider to be the biggest challenge facing the accounting profession today?
Can CPF share given by govt. added in the Financial gross salary while calculating Total gross salary at the end of Financial year.For eg: My gross salary is Rs.X during a Fin. year & govt share of CPF is Y then Total Fin. Year gross salary is =X+Y,is it correct?
What a deferred asset is and give an example?
How much statistics knowledge is necessary or required in accounting?
how to treat investment fluctuation fund in case of death of a partner
Tell me do you possess any knowledge about accounting standards?
what TYPE OF INVOICE SHOULD RAISE TO C&F agent ?
Tell me what a deferred asset is and give an example?
What is meant by calendar maintenance?
what is the manual procedure for accounting
SOLD GOODS WORTH 5000 TO AKBAR WHO PAID 3000 ON ACCOUNT
Tell me what is the equation for acid-test ratio in accounting?