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.

Answer Posted / samir

Journal of goods lost by accident

Is This Answer Correct ?    0 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Do you know retail banking?

747


A factory uses annually 24,000 units of a raw material which costs Rs. 1.25 per unit. Placing each order costs Rs. 25 and carrying cost is 6% per year of the average inventory. (a) Find the economic order quantity and the total inventory cost including the cost of material.

4294


purchase plant and machinery

1109


what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?

1672


What is Statory Books ?

1839






what is inter-company transaction? what is Inter-Branch transaction?

8310


How can you explain the basic accounting equation?

665


Is there any circumstance where an accountant is allowed to depart from accounting standards while preparing financial statements? If yes explain why, if no explain no.

1683


Explain an example of a tough decision you had to make quickly?

617


What's the accounting entry when an Invoice is created in AR?

1594


Tell me the stages of double entry system?

617


Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.

1420


What is compound journal entry?

644


What was the most difficult deal you had to close?

570


Dear Sir I had already export to dubai. now I am to know that can I enter this sale entry in RG1. pls guide me.

1457