why the loss by fire taking in to the credit side of the
trading a/c.instead of this is company's loss?
Answer Posted / rupesh
Goods lost by fire is credit side because the reduce purchase of goods cost prise
Goods lost by fire havent been sold and not included in closing stock
The purchase cost is debited
Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
Why we reconcile our debtors? what steps we taken during reconciliation.
please tell me short cut method in maths as well as in english for correcting the error for the post of clerck in bank exam
When is proposed divided a current Liability and when is it non-current liability? Why is it in the list of Current Capital Accounts?
I was born on 4th may 1981 iam i eligible to apply for SBI clerical job vacancy
1. what is responsibility of inword & forward agent ? 2. how to control cash expenses give five step ? 3. what is Vat 3. how many type of depreciation
Mostly what type of manufactures are coming under TDS and basic rate for each category
What is Compliance?
why you want to join the banking and finance industry?
what is the scenario of multi-org setup?
how to calculate share values of a company.
HOW TO CALCULATE ESI,P.F,VAT,I.TAX,EXCISE,C.S.T.REFUND CLAIM, E.T.C. IF YOU KNOW ANY OF THIS PLASE REPLY
What is mean by Reserve on Consolidation?
what is the core accounts
At Present Situation in sensex market is low, It converts the whole human being life into the depth. When and how it will change? Is it possible?
How can a shopkeeper maintain the daily data in tally